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Saturday, 04/02/2011 10:48:02 AM

Saturday, April 02, 2011 10:48:02 AM

Post# of 94785
CCME PPS dynamics on opening day
Very important question we need feedback on...
Anybody short ccme from exercising mar puts?
If so, what are your brokers telling you in terms of how much time you have to cover your short position on the day the stock opens?
TDAmeritrade is saying that they will buy the shares at or near the open.
If other brokers are saying the same thing, there will be a huge artificial demand for shares at the open.
Longs should look to sell into this.
(Disc - I was long CCME through selling deep in the money puts ($20 to $30 strike price, Sept), but hedged my position by buying short-dated out of the money puts)
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