China Growth Stocks

[Aggie9518]

CCME - Can someone here who is much smarter than me comment on this. Could teh exercise of the March put contracts have created a 25Mil short position on CCME, which based on RegSho must be covered the first day trading resumes???? In this scenario, who gets the shaft??? The sellers of the puts??? TIA for anyone who can shed light on this......Aggie...

Anyone seen this post re: Etrade info and squeeze? Interesting...

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=tm&bn=101061&tid=97876&mid=97876&tof=6&frt=2

"..I just got off a phone call from a sr. exec at Etrade (I'm a platinum accont and get access to these poeple). He is very familar with the CCME situation and is in contact with sr. people at other firms. Here is what he said: 1) all put holders were allowed to exercise their puts (March) if they could cover the margin requirments (most firms went to 100% margin requirments over the weeekend).2) over 80% of the March outstanding puts were excerised,3)Most of the excerised puts were naked and it will create over 15 million short postions (March puts alone, not counting ITM naked calls and outer months.4)this will create a "huge" Reg sho problem and the firms plan on doing a massive buy-in the day trading resumes to get into compliance (the option regulators allowed the additional naked short positions to be fair to the put holders so they would get a market price if they choice to take the risk.5)If the new longs can not cover there there nargin requirements other assets in their accounts will be liquidated and froze if there is still not enough money or any other legal actions will be taken.6) If the new longs have enough equity in their accounts to cover the CCME assigment, it was mentioned to put CCME stock in a cash account or take deliver of the shares to make the reg sho problem worse and increase the forced buy-in when trading resumes. The brokage firms hate this sitation and want to to go away asap (they will lose business in any event). The first few days of CCME tradingcould be the wild wild west. Any thougkt?..."