Friday, December 02, 2011 1:38:47 AM
Sale of Yorktown,
Crack up 15%
http://www.bloomberg.com/quote/CRK321M1:IND
Shorts are in for a world of hurt here. May see a MAJOR move upward in the next few days.
http://www.schaeffersresearch.com/marketcenters/optionscenter/default.aspx?c=bytefeed&ID=109039&single=true
The shares of Western Refining (WNR - 12.78) have spent the session in the black, after the firm agreed to sell part of a crude pipeline and a Virginia refinery to Plains All American Pipeline (PAA) for $220 million. Against this backdrop, WNR has seen about 2,000 calls cross the tape so far today -- above and beyond its average intraday call volume, and more than three times the number of WNR puts traded.
29.5 percent of the float are shorted.
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