I admit I am long june70puts at 8.9 (only 2 thank goodness). The funny part is I knew in my heart of hearts that TASR was going higher! I felt I HAD to be involved on the short side but didn't want the risk of selling the underlying.....cheap lesson so far if you ask me. Next
Put premiums are running at 95% vs 80% for calls of the same strike due to the difficulty in finding stock to sell short.
interesting behaviour of irrational speculation. from 80.5, we've climbed to 99.75 on a non-economic changing event (stock split). panicked shorts if you ask me, compounded by stimulus response traders (even if it does not hold water). where it should be is a question of how much can u extrapolate their growth. that is subject to a very wide range thus a lot of risk. re-established short at 99. (glad i covered my previous short on monday. nice 10K profit.)
Where are you getting inventory? Where are you getting shares to short? I think I'll have to declare a ***** BS ALERT **** on this one. riskarb P.S. In all seriousness, inquiring minds want to know where stock is available to borrow. Why not post the name of the firm here?