Why is open interest on the April $1 & $1.50 Puts so small ?
If they REALLY.........believed that SVNT was going "bk", wouldn't open interest put activity be more robust instead of so paltry ? Huge support at .90/sh tells me someone is building a large position for the next big move up.
mcj96 brings a valid point,
besides, short interest close to the lowest level in one year.
This time we are getting ready to take $3 out.
take it easy Kent.
I remember your prediction from last summer,
you are right on the money,
Go long this time , join long forces
or......you gonna be in misery again.