Hmm, i wonder how accurate this article is, particularly around melvin capital's positions.

If they only had put options, why did they need a $2.5B bailout this week? I was under the impression they also had short positions or sold naked calls in order to get into as much trouble as they seem to be in based on the bailout announcement.

Or were their put options' value being used as basis other leveraged investments?

Don't understand how they could have lost $2.5B on just put options.