Shorting Against the Box......Is a strategy where you can hold your long PVG position but protect yourself from Joe's earnings miss scheduled ina couple weeks.
Simply hold your long position, say 1000 shares, and short PVG 1000 shares currently trading near 11. If it goes up, you lock in the long side gain and close out an identical loss on the short side. And vice versa. Thus you preserve the current price of your shares.
I don't normally use this strategy except that PVG has proven to me time and time again that it is poorly managed and surprises always seem to be of the bad variety. Consider protecting your shares from Joe O and his chicanery.
I think that's the only strategy that makes sense for this quarter.
LovesAU