The problem I have with this stock is the freaking float man. Only 9 million shares. This stock could run 50 pts either way! LOL. But she is looking really nice with the lipstick and high heels.
OMG, that's crazy-talk. I find the thought of shorting this thing repugnant as it rallies 6-10 handles a day. I'll take some short delta, but I want to get paid for it. Finding stock to short is another matter, and the synthetic is a dollar-wide. riskarb
I think it will look more attractive once it starts to break down a little bit. I'll let it keep running for now. Vol is not going anywhere except maybe up. LOL.
She-ite, the reversal is trading at over 100bp in edge, but unable to do it as zero shares available. Trading the synth. long, buying the bids/selling the offers = buying synth. at $97.30 with the shares at $98.40. The wirehouse guys are having a field-day with this issue. riskarb
Riskarb, Nice....very well done, did you put this on? rttrader1 - PS - I didn't have time to read the whole thread....
No, can't get any inventory to short. The reversal is trading at $1.30bp edge currently -- hitting bids, lifting offers... amazing edge if you can find stock to short. riskarb
Actually, that trade is a loser, I had mentioned later in the thread that I didn't trade it. I am short the May 90 straddle from $29... I responded (erroneously) with the arbitrage present in TASR. riskarb