65,000 call options sitting at $10. Potential news coming on or near the same date - Jan. 18th. Are they going to be able to keep this under 10 by Friday, or is something going to happen to propel it higher? I think it's going to be a real fist fight every day this week. So my guess is that there is so much money involved that by some hook or #$%$' #$%$ being the operative word) they will maneuver and manipulate the outcome (news) until after market closes on Friday. Thus the market makers will win again and walk away with a big smirk on their faces. Thoughts?
65,000 calls can be taken out very easily if we have another 30 million share trading day..if my math is correct that's the equivalent of 6.5 million shares. If your a big enough hedge fund you could buy up the stock to cover your net short position if you sold options calls naked.y thoughts are that they will keep this above $9.00-9:50 all week. There are no $ 9.50 weekly option calls like there were last week. There's something to be said about that. It means no one wants to open up that strike price.. I used to trade big option blocks back in the day and would have to call the option desk to ask them to open a strike because I wanted to sell naked calls at a certain strike price. It's possible that someone may do that on Monday, but somehow I don't think it's likely. My guess is that we will see a breakout this week above $10.50-$11.00 then the next target will be taking out the 52 week highs..from there? Sky's the limit and there's no telling where it could go? Never underestimate GREED and HYPE and the Johnny come lately !!