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GT Advanced Technologies, AŞ Message Board

  • brickthor brickthor Jan 14, 2013 11:43 PM Flag

    Option buying shows the most likely way is up

    About 12000 options for a $5 strike price by Jun 2013 were bought on one day ...Jan 10, 2103...no matter what happens short term, there is big optimism by summer..add that with the fact that gtat has recently been bouncing off a chart low..and a high short holding..this thing will move fast up when it does.

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    • Could it be a hedge for a new big short position?

      Sentiment: Buy

      • 1 Reply to ktrader01
      • On the surface it would be easy to suspect that...one could also be long and just wanting to make money on their positions by selling a call target...but I happened to be watching the option chain specifically because i wanted to buy that day and the demand was driving the option price up. I watched it wax and wain but the trend was up, which suggests appetite to purchase rather than to sell...i got lucky and was able to get it early at .40 which was the day low and .60 was the day high....no way to know for sure whats going on but if I had a little more cash, I would dump a few more k into it as it can be had for .35 right now...time will tell

 
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