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Sponsored Melvin Capital is out of the shorting game or at least shorts that have to be disclosed publicly.   The New York hedge fund headed by Gabe Plotkin, which was a target of the Reddit crowd earlier this year because it was short GameStop, sold all of its listed put option positions during the first quarter, according to Melvin’s recent 13F filing with the Securities and Exchange Commission. Melvin had already acknowledged covering its GameStop short, following a short squeeze tied to a Reddit forum called WallStreetBets, whose members included retail investors in the video game retailer. But Melvin’s latest filing shows that in addition to selling all of its GameStop puts during the first quarter, it also sold puts on 17 other stocks. Closing out those puts during the quarter may have been unfortunate timing, as two of those put options were on stocks that collapsed during the late March liquidation of positions held by Bill Hwang’s Archegos Capital Management.

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