Exelixis, Inc. Message Board

  • nomad_celcius12 nomad_celcius12 Feb 7, 2013 2:41 PM Flag

    FEB CALL OPTIONS TO BE WIPED OUT AS PREDICTED

    A whopping 16,000 open call contracts between $5 - $7 for Feb. vs. just 3,000 open puts for same strike range. I told you kids a while ago that all those calls would expire worthless and expire worthless they will as the powers that be keep this pup pegged under $5.00. Smart money WROTE those calls in recent months to the hedges and have made out quite well. No better game than the stock market...if you know how to play :-)

    Sentiment: Strong Sell

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    • Massive imbalance of open calls vs puts (tried and true contrarian indicator) + bad looking charts on multiple timeframes + $350 million in debt + Seeking Alpha/Motley Fool being "perma-bulls" on the co. for so long (no better contrarian indicator) + yahoo MB being 99.99% bullish (another very fine contrarian indicator) = BEARISH.

      Mathematics was not a favorite subject of mine in grade school or college, but the aforementioned "word problem" I can do :-)

      IMHO, only folks. GL in 2013! Shaping up to be another strong year for most equities.

      Sentiment: Strong Sell

 
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