Anyone having difficulty finding shares available to short on MTH? Have PUTs but would prefer to add to the position on the pops via short shares.
September 17.50 puts look like it is the choice among those who want to short this stock.MTH, WYNN, LVS, MDC are stocks that are up today, but more than they should because unless you have the ability to short naked...nobody can find shares. If we didn't allow for naked shorting, that would have curbed days like yesterday (where market tanked for no reason) and today (where market is rallying for no reason). But then also it would create bubbles in stocks like MTH, RYL, MDC and others where people never seem to able to find shares to short.
It is not good for it without short. Many rallies were due to short covering.
I just tried and they weren't available