I've seen this movie before... 28 >>> 25 >>> 30 >>> 22 >>> 25 >>> 20 It will sit at oscillating around 18 - 22 for a year.
No worries. It's short-able up to 2MM shares via the synthetic at a small vig ($0.20 per share thru July 20th).
IB says shares are temp unavailable to short till May 30 but when I put the order to short, it accepts the order.
a gap up open would be nice, then the fill plus a continuation to the south side. $79B valuation on the close. -21 ouch s
You're trading at a more sophisticated level than I do. I simply go long/short stock on margin and occassionally trade puts/calls outright. I've tried some of the more sophisticated stuff but it just didn't match up with my personality; I'm too easily spooked so I keep it simple. Thanx for trying to be helpful though. GL