NVR Shorts Feeling Some Pain
Started by
chris
, Apr 20 2007 11:32 AM
2 replies to this topic
#2
Cirrus
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Posted 20 April 2007 - 12:03 PM
I'm feeling some pain! Fortunately I used ITM Jan 08 puts to short LEN and KBH. They are not moving 1 to 1 with the equity so it could have been worse. My smaller short was BZH. I covered much of it on the bad news a couple weeks ago. Right now I wish I covered all of it--LOL. I've been short the builders for awhile, though.
#3
chris
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- Traders-Talk User
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Posted 20 April 2007 - 12:55 PM
I don't look at NVR as a proxy for the other home builders since it has such a low float and is easily manipulated. There was one 3 day squeeze, but the others were 1 day affairs. Still, if it closes above those previous spikes, I'll be impressed.
Latest Short Interest:
LEN - 12%
KBH - 23
PHM - 11
BZH - 38
TOL - 20
CTX - 13
RYL - 27
Latest Short Interest:
LEN - 12%
KBH - 23
PHM - 11
BZH - 38
TOL - 20
CTX - 13
RYL - 27
