They own 60,000 calls which equates to 6 million shares of VHC. Just image if/when they make the call to start to exercise those calls. Image if they did that at few different times. Just exercising the calls would make them a fortune and inflict quite a bit of pain to the shorts.This is just the type of buyer we needed. They know how to play the game and have VERY deep pockets. D.E. Shaw has over $30 billion in assets and 1000 employees. I like this scenario..
Lets add this to the mix. If VHC closes at just $35 on DEC. 22nd there will be about 30,000 calls and puts in the money. That equals 3 million shares. Where will the MM's get those shares.Not from me and not from anyone smart. The next few weeks should be very interesting.