GE AerospaceLong
GE activist chatter - taking some long
bto 3/29 $13.5 calls 0.26 avg
bto 4/6 $14.0 calls 0.11 avg
Desc wedge daily, if news is announced berkshire has taken a 14b initial pos tomorrow, shorts could get squeezed. Currently around 155m shares short with 2.1 days to cover.
If it gets over $14, could really start to accelerate the squeeze..
If we get a solid bounce on serious vol, will probably take a nice common stock stake as well.
bto 4/6 $14.0 calls 0.11 avg
Desc wedge daily, if news is announced berkshire has taken a 14b initial pos tomorrow, shorts could get squeezed. Currently around 155m shares short with 2.1 days to cover.
If it gets over $14, could really start to accelerate the squeeze..
If we get a solid bounce on serious vol, will probably take a nice common stock stake as well.
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