See the trade at 11:32 a BUY

[jft310]

A short was covered 16.800 shares as the broker dealers changed their margin requirements and as persons call back their lent out shares.

Now why would a broker dealer raise their margin requirements for IOC at this time.??? Seems the broker dealers know there is a deal but the shorts well didn't get the

message.Where was Adam G when they needed him... LOL!!

[Getitrt2]

They typically would change margin requirements significantly because of high risk premiums (on options) combined with an expected "event".

[jft310]

getit is correct, look at the premiums in the options. Sell puts here.

[katytrader]

They typically would change margin requirements significantly because of high risk premiums (on options) combined with an expected "event".

Margin requirements may also be raised if the broker decides that one´s account is too "concentrated".   Happened to me last week with an account heavy with short IOC puts.......lol.

[tarulestheday]

getit is correct, look at the premiums in the options. Sell puts here.

Puts seem really juiced lately. Sold a few May $75 puts yesterday. I couldn't resist.  Look at the premiums.

[jft310]

I am with Taru , but less guts short the May $65

[CesiumFormate]

A short was covered 16.800 shares as the broker dealers changed their margin requirements and as persons call back their lent out shares.

Now why would a broker dealer raise their margin requirements for IOC at this time.??? Seems the broker dealers know there is a deal but the shorts well didn't get the

message.Where was Adam G when they needed him... LOL!!

JFT,

Just curious - How do you know it is a short covering and not someone just buying shares?

CF

[jft310]

The stock rose $1.50 in one trade. No one who has that type money to invest would pay $1.50 more than the market. But the broker would pad the trade to insure they made money when the shares were resold