Posted 1 pSPY, borrowed 200 USDG. Health sat at 43% of the way to liquidation. SPY would need to fall roughly 57% before that position was touched. That's what borrowing against the S&P 500 looks like on PARE. Price only, no dividend in the collateral to mis-account, and the oracle that prices it can tell a dividend from a split.

BREAKING: Canada’s PSP Investments disclosed that it held 100,000 SpaceX shares. PSP is one of Canada’s largest pension investment managers, overseeing C$320.6 billion for the pension plans of: • Federal public service • Canadian Armed Forces • RCMP • Reserve Force A new SEC filing shows PSP held 100,000 SpaceX shares valued at US$17.1 million as of June 30.