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Options Trading with Option Addict

Option Addict
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

Short Squeeze: ILMN

Option Addict Fri May 10, 2013 3:41pm EST 6 Comments

I cashed out my stake in $ILMN today, much to the expense of a 23% short float and a Friday afternoon rumor of a $88 cash offer. Averaged out at $72, long from $49.

ilmn0510

Don’t worry, I’ll get you on the next one.

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6 comments

  1. Sooz
    Sooz
    May 10, 2013 at 5:14 pm

    Nice!!

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  2. Zenhunter
    Zenhunter
    May 10, 2013 at 6:15 pm

    Wow! Congrat!

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  3. ultramarine
    ultramarine
    May 11, 2013 at 3:26 pm

    Congratulations! Was it mainly the short-interest that attracted you the stock in the first place? Also, what was your target price prior to the big move?

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  4. flicker
    flicker
    May 11, 2013 at 6:42 pm

    No high fives given until your play is advertised before the results. Just sayin.

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  5. Option Addict
    Option Addict
    May 12, 2013 at 5:18 pm

    Everything I trade is advertised.

    Listen up.

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  6. widespreadpanik
    widespreadpanik
    May 13, 2013 at 10:52 am

    Nice moves. Watching you closely now.

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