To me and most of the investment community, Sears is “walking dead” on its way to bankruptcy.
The only piece of news that might be relevant to SHLD jumping over 9% today is that CEO Eddie Lampert exercised a bunch of options and “bought” a bunch of Sears stock for free. but that doesn’t exactly imply a great show of confidence. I’d take Sears stock for free, too.
Disclosure: I’m holding four $3 puts on SHLD that expire in Jan. 2018.