20% of the float is shorted. Thay are all underwater now! Euro Launch next week. S+P addition at the beginning of June. ADA June 9-12. USA launch in mid June.
Shorted some May $22.50 puts on this morning's drop; will hold for expiry and take delivery of the shares if assigned. May buy some long dated calls on further weakness.
First pullback since Thursday in the making. Volume hasn't been what I'd hoped for on the rise, so it doesn't look like the shorts are scared yet. I'm still looking for a test at $22.50 or so.