There was even more activity than the recent SEC Filing in Sears Holdings (SHLD) disclosed.
We all know Berkowitz went from 8.9 million to 12.3 million shares of Sears Holdings. What was not disclosed was that he added $75 call options and $60 call options, most likely when shares dipped last month.
Berkowitz bought $75 call options on 41,100 shares and the $60 calls on 358,000 shares. If exercised (along with the 354,000 shares already spoken for in the $80 calls) , Berkowitz would then own over 13 million shares.
There is going to be a short squeeze in this stock the likes of that have not been seen in a long time.
Disclosure (“none” means no position):
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4 replies on “Fairholme’s Berkowitz Files 13F, More Sears Call Options”
Bruce Berkowitz Stays In The Sunshine
Forbes, 08/14/2008
WHAT SHORT SQUEEZE,,,,,LOL
GIVE IT UP TODD IF WE LISTENED TO YOU WE WOULD BE FINISHED.
ACKMAN SOLD OVER 90 PERCENT OF SEARS.