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MiMedx Group, Inc. Message Board

  • risicare risicare Feb 14, 2014 11:34 AM Flag

    march option 10.0 call

    150 contract more of volume goes off at the ask today - open interest will be well above 1500 contracts. Any ideas?

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    • The price paid for those contracts was roughly 15 cents. Although it might appear to be a lot of contracts, it isn't much money. Also, some of those calls might have been purchased by Pearson and friends as protection in case their short position blows up in their face. 15 or 20 cents is really a pretty cheap price to pay for insurance from a naked short position.

      • 1 Reply to earth457
      • nitpicking here, but it doesn't make sense to say someone has a naked short position unless you're talking about a short-term intraday position. Naked shorting is when a stock is sold short without first locating shares to borrow for delivery. Unless you have an actual seat at the exchange, this is pretty much impossible to do. Even if you manage to do it, it is impossible to maintain this position over night since the clearing process will show an inevitable fail-to-deliver at settlement time and will shine a light on the fact that not only were the shares never borrowed, but they were never even located to begin with.

        Sentiment: Strong Buy

    • Maybe a bet on earnings and guidance along with possibility of results from a new study

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