Effectively, all these IPO/overvaluation bubbles are meant to steal from (mostly public) pensions of older investors. So the next time you see your uncle or grandpa, buy them a nice bottle of wine! They're paying for your startup (while losing their retirement money), don't you know.
"Right now our desk is seeing something they’ve never seen before. It currently costs roughly 100% annualized to short LNKD. So put in monthly terms, if you borrowed $20,000 of LNKD to short, each month you would have to pay an 8.3% borrowing charge (100% / 12 months = 8.3%) or $1667 per month. That is absolutely unreal.
Of course this charge amount can change, and it probably would decline if/when LNKD becomes easier to borrow. But right now is virtually impossible to borrow, so the charge is off the charts."
Go long, buy some out of money puts, and write calls against your long position, hoping that you get to write enough calls that the cost of the puts is covered?