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Post# of 34471
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chensiona

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chensiona

Re: None

Friday, 03/04/2011 9:49:12 AM

Friday, March 04, 2011 9:49:12 AM

Post# of 34471
Now we know for sure that shorts are covering using the $5 calls. The open interest is only 1339 with 10k contracts traded yesterday.

It really makes me wonder just how many shares the shorts went naked with since we are still on RegSHO and the amount of calls exercised at this point was at least 1.5 million. I mean we can all see the blatant naked shorting but to think it could be close to a million shares worth...The shorts are really playing with fire.
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