Stock Chart

AIB - Short Covering Done?

04/05/2011 04:28 PM by Dave Pinsen

One advantage of buying puts in lieu of shorting is you don't have to get shaken out on tears like the one AIB's been on over the last few days. Looks like short covering might be done here though: after spiking as high as $4.95 today, AIB closed at $4.09, and is in the red so far after hours.

Those puts I bought on New Year's Eve last year (http://shortscreen.com... ), at a split-adjusted price of $2, dropped as low as $1.65 today before recovering to $1.80. They don't expire until August, so steady as she goes.

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