Stupid question and I think I know the answer, but I am curious to hear from you guys.
Orange Juice is now limit up two days in a row (10 cents or $1,500 yesterday and 20 cents or $3,000 today). Those short have lost $4,500 per contract if they didn't cover or weren't able to cover.
If someone is short and they can't get out, for example, does the brokerage house cover the loss?