over 20% short interest, how many of those people do you think got margined out? Haha. Anyway, I don't think the deal's going to go through. What motive does the family have to sell the business? It's been their business for a long time, they don't need the money, and I personally can't see any reason for them to sell out. Still wouldn't short it though, that's just too hot of a fire.
I managed to get an unbelievable fill on my bear put spread. Right after it opened for trading, I got the september 45 puts for .55 then like 20 minutes later, i sold december 40 puts for .80. Pretty much impossible for me to lose now regardless of which way this thing goes.