NorthWest Biotherapeutics Inc (NWBO)

[sentiment_stocks]

A client to MM wants to short NWBO shares but with little/no collateral and high leverage, so they use a synthetic derivative contract (options) to achieve this type of short exposure.

I think the only options out are those owned by insiders. Warrants may still be out there (extended), but I don’t thin any retail hold options. Am I missing something?

And if there aren’t any options, I’m wondering how is this “synthetic derivative contract” assembled?