into april 50$ calls and 60$ for Sears SHLD on lands end spinoff march 24th+22% shorts and more shorts than freely available float
Also on march 24th Land Ends spinoff: (thx jb)
"This time it’s different with Sears Holdings(SHLD) shareholders getting .30 shares of Lands’ End(LE) for every share they hold. Now shorts are in a position that doesn’t happen very often, they will be short two companies after March 24th. "