A 3 dollar move on this company is a walk in the park with good earnings, especially since it has been hit pretty hard over the last month. Your saying that you think the company cannot go up 5% from here in two trading days?!?? I would love to here your reasoning behind this one. I think your just soo used to getting screwed in the stock market that you think negatively about everything you invest in, IMO of course. Sit back and relax, it will get there.
I just got back from swinging a dead chicken over my head in the backyard, I hope that helps!
Interesting bets on the eve of earnings. Personally, I think they are going to hit EPS but with the Indian contract and the shortened growing season, guidance will be lowered. I hope I'm wrong but it's still a good stock, one of the better ones out there.
On the call side of the tape, the stock's out-of-the-money weekly 60-strike call -- which expires on Friday -- has seen roughly 3,100 contracts change hands on open interest of fewer than 1,750, pointing to the initiation of new positions. What's more, the bulk of the volume has traded at the ask price, suggesting these contracts were bought. By purchasing the weekly 60-strike calls to open, the buyers are betting on POT to jump above the $60 level before the end of the week.
On the flip side, the equity's out-of-the-money weekly 52.50-strike put has seen more than 2,300 contracts traded on open interest of just 107 -- again, hinting that eleventh-hour bettors are initiating new positions at the short-term strike. Plus, 84% of the puts have crossed at the ask price, pointing to a batch of freshly bought bearish bets. By purchasing the puts to open, the traders are gambling on a retreat south of $52.50 for POT by the end of the week.
At last check, the shares of POT have surrendered 0.3% to linger in the $57.80 area.