China MediaExpress Holdings, Inc. (fka CCME)

[bradford86]

i dont think so.

the put premiums are still insanely high... and the call premiums are fairly cheap.

i think that the shorts are simply selling naked calls at this point in time, buying puts... etc.

we are simply winding up. this is what you do if you want to hold the price down and you can't find shares to short.

there will be a point in time after which the shorts cannot push ccme down anymore and will begin to be forced to unwind their position with massive losses.

looks like they are betting large on a delayed 10-K or something.

i bought some calls today in lot sizes of 50 and the stock surged $0.10 every time and sat there for a minute or two as the market digested 5000 shares.

it's very tight... and it looks to me that if the mm's are selling calls, they are hedging it by buying stock immediately to have a neutral position.