Concordia Healthcare Corp. T.CXR.R

short squueze in full effect

[richardtrader]

Date	Symbol	Name	Short Volume	Long Volume	Total Volume	Short%
2016-08-04	CXRX	Concordia International	74193	109584	183777	40
2016-08-03	CXRX	Concordia International	104541	91429	195970	53
2016-08-02	CXRX	Concordia International	585004	365659	950663	62

[Steve911]

This post has been removed in accordance with Community Policy

[wallop13]

If CXR hit the market with a piece of good news right now...... BOOM!

[wordless]

Well I sold 1,000 my traders today that I picked up on this last drop.  I've still got my too large for my liking long position that I'm down 40% on, but at least I put $2,000 profit in the bank. Any longs going to protect with some puts?  I was/am thinking about it, but I thought by selling my traders it's a bit of a hedge already.  I would imagine aany and all bad

[CNInvesting]

You could/should buy some puts if you're unsure and want to protect your position. I don't know that ''any bad news'' is already priced in. It was believed here that it was the case already before the big drop earlier this week, so...I'd suggest to : Buy married puts: buy the number of puts  that corresponds to your number of shares at a strike you're

[visionaryfool]

Informative for sure. Def recommend hedging - even if the hedging on this one is so bloody expensive!!!!

[MirrorWorldMan]

Puts are bad news. Buy calls

[CNInvesting]

LOL what kind of logic is that.

[wordless]

You can't hedge a long position buy buying just calls.  Puts hedge a long position. I have been selling coverred calls and have made some money off of that as th stock price has gone nowhere but down!  I guess that's a bit of a hedge? Thanks for the comment CNInvesting.  I'm considering it.  Will wait until next week to see the trading first few days of the week

[CNInvesting]

Yes covered calls give you an hedge as you're making a profit from the premiums on the calls you sell but be careful not to get exercised at your strike if the underlying (stock) goes up. You may want to keep an eye on that.

[wordless]

Yes I agree.  I tend to keep calls limited to 25% of any long position I hold. But in hindsight, I would have been a lot beeter off selling calls on a 100% of position over the past few months!   But hindsight is always 20/20. Have a good weekend.