I just called Ameritrade and asked a few questions about CMKX and I was told that it is not possible for an MM to naked short an stock that is not marginable. He confirmed that CMKX is not a stock that can be traded on margin!
If this is true, wouldn't that mean that the O/S have to be really high to have the kind of volume we have had? The guy at Ameritade said that to naked short this unmarginable stock would not be possible.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.