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Herbalife Ltd. Message Board

  • cacainusa cacainusa Jan 17, 2013 12:53 PM Flag

    Why big the sell off will start soon...

    There were more than 5 million Jan. call options sold since Dec. 24. Many of them naked option for virtual shares which does not even exist. Most of the option expires because people do not have money to buy that much stocks. These people have to sell back their options to lock the profit. usually, 99 % of the options do not get exercised. Looking at the option closing right now, there is huge imbalance bidding price. So, the option holder who do not have enough money in their account will be selling the options at market price and that will drag the stock price down. Those who do not own the shares or sold option are most likely not going to enter in this stock above $35. I'm saying this because I sold many options for the shares I own. I have no plan to buy back my sold options or buy stock till the dust settle down.

    Sentiment: Strong Sell

59.42-0.56(-0.93%)May 23 4:00 PMEDT