14. "heavy short interest and thus no more shares to borrow. that happened" In response to In response to 13
to me last year with AIG and this year with IWM (Russell 2000). depends on the broker, i guess.
he could probably just buy puts - january 175 strike is about $7 = $700 for one contract - and maybe sell covered calls to collect some premium and pay for it. or go with a put spread.
NFLX is gonna close below its 50-day moving average, so i can see it trading down to the $165 area, especially if the market corrects in january.
the tech sector overall has been dead money in december, and i personally i wouldn't do anything until next week when the big players come back from vacay and the volume/liquidity picks up.
