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Here's a look at our ASPEN book's displayed liquidity in November.
Lately, stocks have given traders one more reason to have a headache at this time of year. In fact, November is shaping up to be the third highest month of the year for daily number of stocks subject to the alternative uptick rule. If you’re planning to trade in a battered symbol, what should you do to avoid getting beaten up yourself? We dug into the data, and here’s what we learned.
When the Uptick Rule Kicks In
As a quick refresher, the alternative uptick rule restricts short selling to prices above the current bid in stocks that experience a drop of 10% or more from the prior day’s close. While this restriction applies to the balance of the trading day, it generally continues through the next.