okay, I see you have trouble expressing your thoughts, right?
or maybe you just don't speak English that well. well, neither do I, since I am a foreigner and learned to speak it only 3 years.
anyways, let's try again, and please, correct me if I am wrong.
So, you are saying that if DNDN closed above $4 mark, all the traders that are currently short (bet against DNDN right now) would have lost "their" shares, because in-the-money options with the strike price of $4 would have exercised, right? So, for that the shorts would have needed to have the shares in the first place, correct? Than they would have sold the covered calls, which would have gotten triggered and sold. How else would they lose their shares? But then does writing covered calls qualify for being short?
I am even more confused now...