Call options have been used up for this Friday and put options are not increasing significantly. What does that tell you? Bulls believe no more upside, but more importantly, bears are not betting on any more downside! But look deeper...future options bets tell a different story.
May has pressure to take this stock to $8.50.
June has pressure to shoot this stock to $9.50.
They are going to try to shake you out. Look for under $7, and BUY LIKE THERE IS NO MORE TOMORROW if they give you that gift! It's written on the wall. Rally time baby.
More like shorts buying protective calls. The volume in on earnings release date in May. I did NOT like the huge drop recently and I suspect crossing 9.00 is not going to occur UNLESS they report a PROFIT and retail is always in the red 1QRT . I do feel they will beat est but not enough to send us to 10.00. SOMETHING accrued where we dropped down to 7.08 recently. No one sells millions of shares if we are going to 10.00 in 45 days.