Nice work ladies! I'm back to trade!.he poster of the open option interest as a short hedge has it right - )
The chart is an obvious and I see my trade was deleted--Have more fun ! YTD +90% and short INSM - I love this stock! ............... Will trade tomorrow Surfs Up! Good Luck
This happened today with several biotech stocks, and I think there was some short covering, either that or the market makers given options expired today, released some large blocks of shares they had been holding back pending the expiration of the call contracts. They artifically let these shares go so as not to upset their earlier in the day price manipulation. I don't totally understand it, others help me out if you have a better knowledge of how this works.