InterDigital Inc (IDCC)

[sam738]

Just how meaningful is the reported short interest in an environment in which the implied volatility of out-of-the money call options is sky high.

For example, my client is presently short about 15,000 IDCC shares. And he owns $20 calls, $50 calls $65 calls, $85 calls etc, equivalant to more than 100,000 shares on a delta basis. His notional total of long call options is more than 300,000 shares.

He is sort 15,000 shares. Do you think he wants the stock to go down or go up??? I wonder whether the reported short interest has any significance at all.