Short interest
Down to 51.5M short which must have helped the rally we just went through.
So the short interest is down significantly. I believe this data is collected on the 15th of the month from the brokerages. The last several days of trading:
11/10 17.29 9,256,300
11/11 18.59 20,171,700
11/12 21.01 39,785,200
11/15 20.98 21,423,400
11/16 20.88 13,804,500
11/17 21.99 22,708,600
11/18 21.96 11,874,100
11/19 20.81 13,877,900
So the 12th was probably a major short covering rally. I'm not sure if the data is collected before or after the close of the 15th.
Based on this lower short interest, I think if AMD heads down on monday some shorts might jump back on it and push it down more. Monday would be the 3rd down day in a row and could be a signal to traders that the momentum upwards has halted for a bit. I would like to see a bounce back up, but I am not confident of this happening this week.
I expect the 2 weeks after Thanksgiving, however, to be very kind to the markets in general. I think AMD will make new highs then regardless of any pullback this coming week. I would like to be wrong because I don't plan on trading in and out, and I hate watching my worth fluctuate so violently. I'm currently long shares (avg cost $12.27) and Jan $15 calls (avg cost $.51). Amazingly I was also short Nov $13 puts. It is hard to believe the stock is over $20 only a month and a week after I wrote them for a good price. I am trying to figure out an exit point for the calls. I'm thinking in about 2-3 weeks. Anyone have any thoughts on exiting Jan call positions? I have considered selling all and rolling some money into higher strike Aprils. Perhaps I will dump the Jan's first thing monday, wait for any possible pullback, and buy some higher strike April's.
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