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VirnetX Holding Corp Message Board

  • sab63090 sab63090 Jan 30, 2013 7:16 AM Flag

    As promised....the Greeks and the P&F....what's happening...

    The hit at 36 has now turned the P&F downside target to and "upside target of 57"....the implied vol of the options are now 57.5 for Feb and 65 plus for March, both not extreme....with the deltas around .57 (one in stockis about .57 cents up or down on option)...if long, you could sell the near term Feb strike and buy the March with a reduced cost basis...getting some decay on the Feb or set up as a partial "back spread"...assuming you are long the stock...lots of moves possible....In my many years of trading I have found that trying to outsmart the big institutional option players is a losing game...too many things they can do to outsmart the retail investor....the big blocks of options yesterday at relatively flat prices suggests, to me, that these were deals of some sort....since big buys would have been at larger premiums, not flat....good luck....the weekly triangle suggests a massive accumulation/distribution level...the 36 level was not apparently the "key spot" as I had suggested....might be above the last bump high....37 and change...downside risk is there, too, on a breakdown (technically)....

    Sentiment: Hold

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