Huge option volume on the Nov. 14 and 15 calls, (purchase side volume, not the market being flooded with covered calls) with the price of the calls up, despite most of the sales occurring while the stock is down?
Somebody knows that something big is going to happen in the next 17 days.
CRUS started to fall on October 20th, two weeks ago....that's a long time for all those margin calls at once, no? Actually, the chart is in a weak technical rebound now....if it were me, I would have sold by now.....otherwise just hold for the German conference next week or some Apple news driver.
Option Monster plays this one a lot and they get in early....who knows.
Maybe not CRUS margin call. Could be someoene has other problem and closes CRUS position to cover that.
I know I will not buy calls so high unless with good reason.
Your guess good as mine, comrade!
That's fine....I like to hear others back up their opinions or hunches, np....personally I think CRUS starts to trend up with Apple's moves....maybe high 13's within a week.....this CEO is NO pumper.