Great ride today. Yesterday we flirted with the 50% swing retrace, but closed below. But with the strength today, as well as the broader market, we have ripped thought not only the 50%, but also now the 61.8% and tagged the 78.6%, Volume suggestive of short covering, but we are also expecting ETFs adding as their flows increase.
I have been trying to sell May $15 calls all morning at $7. The stock is at $21.90. Almost no premium and still over 2 months left on them, yet no buyers. I think reflects LGND is still under-followed (or that traders think it's topping out).