Here is why I have bough several April calls - I am betting (purely speculative) that GRPN will be over $25 before April 20th OPEX!
a) GRPN gets a bid from GOOG b) GRPN and whole social gets a pop from FB IPO c) GRPN gets upgraded at one or more brokerages who viewed last report from GRPN's CSOI and other metrics positively d) GRPN gets a report from Yippit or other tracking agency that Q1 was robust as most small competitors had hit the dirt e) GRPN launches new categories
Last but not least GRPN pre-announces Q1 beat (hopefully a hige beat) or actually reports an upbeat Q1 results before April 20th ..
If none of those things happen and the stock price is not over at least $23 by April 20th, I lose big!!. Otherwise, I will rake in huge $$$$$