Market makers are allowed to naked short w/o margin requirements to make a market. I have spoken to a few that worked in that field and have been told it's a rare instance when they don't cover in the required 3 day period. They are under scrutiny and the fines are not worth the risk.
.......al
I may not agree with what you say, but have fought and will continue to fight for your right to say it. USArmy 1966-1975
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