Schwab Trolling For Shares

[CesiumFormate]

Schwab called today looking for shares to lend after months of returning shares in a family account.  The answer was a big fat NO!  It was after hours for the account holder.  It is possible shares are already being yanked by other SLP lenders creating a demand for IOC shares.  I can't imagine wanting to add to short risk after several days of incredible gains.  This can't be good for the shorts!

[admin]

Good on you Cesium!

[TxPm]

Wonder if Schwab found some shares to loan out this morning. Looks like some more shorting this morning. Lets see how strong we bounce back

[ebster123]

anyone remember max pain this OE week? TIA

[tarulestheday]

anyone remember max pain this OE week? TIA

Max pain WAS $62.50 last week but has risen to $65 this week.

http://www.optionpain.com/OptionPain/Option-Pain.php

[CesiumFormate]

Schwab called twice this week wanting to borrow shares against family holdings. Are the shorts actually borrowing to sell and go long with calls?

[admin]

Schwab called twice this week wanting to borrow shares against family holdings. Are the shorts actually borrowing to sell and go long with calls?

Well, the curious thing is, these people who invariably show up in the comments section of SA articles (and a few other places) with very longwinded exposé's claim not to have any position.

[CesiumFormate]

Schwab has been begging for shares this week. Four calls and two emails yesterday, and another email today even after being told "NO". This thing is wound tight.

[MRP]

Fidelity is currently showing a cost to borrow of 27.50%! There are 0 shares available to borrow so it isn't necessarily a real rate but it shows how tight the situation has become.

[CesiumFormate]

If any of the in the money calls this month were sold naked when the stock dropped a few weeks ago, we could see some substantial covering later on today. I believe there is a good chance that we close up.