09-22-2012, 12:29 AM
'TxPm' pid='10082' datel Wrote:That is essentially what happened with the VW spike..I'd be willing to bet that the MM of those 28,000 Sept 100's doesn't have anywhere near that many shares which is why they will do everything in their power to keep the stock below $100. I'd be willing to bet that whoever was the MM on those calls was shorting IOC like crazy last Week
The Vw squeeze happened with about 13% of the outstanding stock shorted at the time.....IOC has about 16% of the oustanding shorted. I can only dream that Eric wakes up one morning to see IOC trading at 3X the previous close( like Vw). Wiped out on those naked calls and may have to sell a rental or two at deep discount to cover losses.
L Ron Rules!

