Oil is down slightly, and the dollar at the moment is stronger. For the most part of the fall and early summer, these two elements spelled out ATPG's short term fate... a lower stock price. But as the trading over the last week to ten days shows, ATPG is running counter-intuitively to these two indicators that it used to track so uniformly.
I re-state my thought that this is a bullish signal denoting structural strength in the current price, and a pending move up in the cards indicated.
I appreciate your insight as about a month ago, I started "doubling down". Had been 100% long till then, and have sold most of long position to buy in the money June calls. So at a minimum, you've helped at least one person on this board sleep a little better.