No, because it always works like that -- except when it doesn&#x27;t. Financial markets are funny like that. The only hard and fast rule about fresh IPOs is that they are volatile.<p>Also, unless a stock has crazy liquidity, instruments like shorts and options are generally not available to individuals for a while after an IPO. A hedge fund may be willing to issue them, but they&#x27;re set up for low volume&#x2F;high value trading so they only deal with other large institutional funds. Your average bank that would back options or shorts for an individual isn&#x27;t willing to take on that kind of risk for a recently-IPOed stock.