I wanted about $17.50, but the fools who gav e up their shares after hours seem to be thew only ones who were letting INVN go that cheaply.
Actually I was more to the point hoping to pick up some cheap options - but the premium on longer dated INVN options is, in a word, ridiculous. Which means the big money is still VERY bullish on INVN over the next year and out farther.
I was kind of rubbing my hands together last night in happy anticipation of picking up some cheap 2016 LEAPS (Like a bunch of Jan 2016 $15 calls for about $3 or so....)
But the quick rebound and the enormous spread premium have so far made that just a happy thought rather than reality. Couldn't even sniff the Jan 2015 $15's for that price....
Who's kidding who here?
Just a bunch of shorts trying to make a quick buck by taking advantage of ill-informed retail investors is more like it.