We are still heavier on 10s than 9s, so there is a chance we could hit 10 by Friday-Im hoping.
The bigger option is the 6 month that exp[ires at the end of the month. I read the article last week, but now cant find it. Anyway it says there are alot of options at 15 and if it goes there there is alot of money to be made by someone. If the computers have a chance to make that money this will shoot up in the next week or 2.
Any positive catalyst is going to cause this.
If the assault ban gets shot down this week or next that will be the catalyst to shoot up.
Well the 9 's are getting exercised. Keep in mind the call sellers or the guys that write the calls are smarter than the call buyers. Call sellers are in effect shorts who like to sell wooden nickels to greedy longs who think calls are 'cheap'. The call sellers have just a few more days to get out of the 10's. If the price appreciates any more, the call buyers just might exercise even below 10.
But seriously that isn't what is holding this down. The reason is talk of gun laws. Believe me, while all the chickens are scattering, the funds are buying as the probability of gun legislation is nil.