DDude, Believe a substantial % is the put selling/writing that many have done IOT collect the premium. While will never fault anyone for making $$ in the trading world, too much of this drives the PPS down. Believe we have experienced that here as one of the contributers to the current situation of CCMWEEE.
Well there were many people who argued that way and it was certainly logical with all the volume we have seen. It's indeed surprising. I also didn't anticipate another 11% rise in the SI on this period. I guess nobody did.
I won't answer to your last sentence/question here but I certainly have an opinion on this. :-)
It makes the drama all the more interesting because there isn't much time anymore until we ge the 10k and we haven't seen any real attempt to cover yet......
Trader I will have to give you the nod here...and fall on my sword
I argued to you that they must have covered on those hihg vol days. I was wrong... you were right
7.57M short, tons of put buying. I'm at a loss for words. With so much money at stake... what will they do to protect such a huge position?
I think it's very unlikely that shorts know something that longs don't. So does it mean that it's simply their bet on the K outcome? Besides this board and lots of my own DD the only thing that calms me down is the fact that someone is absorbing shares every time they try to short CCME. The K may be delayed and this will definitely trigger the selloff but I hope if it's delayed CME will explain it. I honestly don't think that MW is done with CCME yet (I thought so when they claimed that they don't hold CCME anymore).