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Orbital Sciences Corp. Message Board

  • angle2214 angle2214 Oct 2, 2012 3:03 PM Flag


    Why the huge spread between the bid and ask in the Dec options???

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    • I am curious as to which strike price,and what is the spread?
      Anyways, yesterday, after 3 plus years and 450mil invested by ORB and NASA, the Antares launch vehicle stands erect on the newly constructed pad at Wallops Island. Take a look at the pictures on ORB Facebook site. They are impressive.
      In 4 to 6 weeks,there will be a hot fire test of the engines and, if all goes well, the long awaited COTs demonstration mission with a mocked up version of the Cyngus capsule will occur about 1 month later. That leaves us somewhere in the early to mid Dec time frame. The contract in Dec expires on Dec 21. The bets are down ...choose but choose wisely. I have long maintained that ORB would be much higher in price if this goes well, but obviously would spike lower if their is a launch failure or even a glitch. IMHO, we are either 11 or 19 around expiration, so I would love to see bid ask on a given strike price.

      Sentiment: Buy