I wonder if it is still shorts covering? Short interest was 4m, we are at over 10m traded today. I would think they would have covered by now.
The only nice thing about this buyout is there is nowhere to go but up, we got some coupons coming and a possible (but not sure how likely) another offer.
We are completely de-risked.
im gonna go ahead and sell my dec 10s here before the close....im tired of it and there is some wacky action in the calls ...the dec 12.5 s are actually down