4 days to cover is nothing. 3 days is from the market makers.
20,946,314 shares short . 5,559,589 average volume. 3.767601 days to cover.
Hear I am. throwing pearls.
There is no significant short interest. Shot interest is not a driver. I'll just run outside and tell the pigs. They'll have a better grasp.
Too late now. The price has already realized most of the dilution. (Just eyeballing it) It may take a week to shake everything out. It will be a good buy then. I suggest that long holders sell covered calls at their purchase price to make a little money while waiting for the price to recover. You will not get called out for a long time. Mar and Jun $35 calls have some value.
It doesn't mean anything. Desperate democrats are voting for it in an attempt to keep their jobs. Hussein Obama will veto it. The share price appreciation may be because some people think it is dirt cheep. There isn't enough short interest in TSL to supply either support or significant price appreciation. I'll still stay away until after the earnings report.
I typically sell short (or write) Puts. I receive a fee and the obligation to buy the stock at the strike price on the demand of the buyer. The buyer purchases the privilege to force a sale at the strike price. If he does not exercise his option by the expiration date, it expires, worthless. When someone short sells an option, it creates a new contract.
Since today's volume was 3 times the open interest (the number of existing contracts) it is reasonable to assume that the volume is the result of short sellers. The short sellers expect/hope that the share price will be above $9 by the third Friday in Dec. Or they are willing to buy at that price. Selling short puts is a bullish position.
The buyers, on the other hand, are bearish and expect the price to drop.
One of the two groups have unrealistic expectations.
People who are buying options are usually trying to leverage the change in price of the underlying stock. If the price goes up the calls go up. If the price goes down, the puts go up. In general these people are not good at making money, in that their options often times expire, worthless, before they make any money.
Heavy Dec 9 put volume at 3 times the open interest indicates a significant number of put writers believe we are at the bottom. I'm not selling any before the earnings release. I already have plenty of short calls.
What are you doing? Running for jackass of the month? You got my vote.
We have almost no ability to export LNG. There is a gas to liquid plant in southern Louisiana, LNG. The rest of the world has lots of oil. The increased dollar is making oil cost more in Europe, but we are already trading in dollars. . Who are our customers, Ahab the Arab? Hell, we are having trouble shipping product between the US and Canada. Try to find out what shape our export infrastructure is in.
Monday, November 24th, 2014 at 8:00 a.m. U.S. Eastern. How much more money to they need to make to maintain last quarter's EPS. That is to say how many cents per share did that dilution cost?