This asset blends digital credit with fixed-income traits. As it edges closer to the target zone and high borrow rates pile the pressure on, bulls and bears are about to lock horns hard right at thethreshold.Definitely keep a close eye on liquidity shifts and the premium recovery
$SATA closed at $98.80 today.
The highest close since June 16th (the first couple days of daily dividends)
20 cents from target trading range
1.2% from Par
Borrow rate is 32.9% annualized
~918,000 shares short (as of 7/15)
7.4 days to cover
Again, we do not need 60 votes to pass legislation in the Senate.
You need 50 votes, plus the vice president.
You need 60 votes to end debate.
So make the opponents stand on their feet and debate.
When they run out of gas, you hold the vote.
This is a failure of leadership.