think a lot of people are expecting a reverse in trend right now. Let's wait out to see how it unfolds. I bought Dec call strike 5 a while ago and sold May call strike 7.5. So I am practically missing out the run up and only get a bit of premium. The problem is on the leg back. If the down leg starts now it's fine, but if it happens just after May expiration I need to make sure I sell Jun calls in time to defend my long Dec call.
JUST ONE MORE THING---U ARE CORRECT PPLE WERE EXPECTING A REVERSE IN THE TREND---IT IS HAPPENING RIGHT NOW YOU DILL ITS CALLED AN UPTREND AFTER A SEVERE DOWNTREND..ROFL SOME PEOPLE REALLY TAKE THE BISCUIT
Your guess is as good as mine. But I guess that it will sell off a little BH, shot up over 11 at the early AM then might sell off through out the day into the close. It may be volatile and would not move much. I think once the option call sellers finish with their job, Tasr will fall sharply allowing them to take profit at the strike 10 for May. So watch for Tasr under 10 by 20th May.
I'd say TASR will open at about where it is now. It will end up, within a month, at 15+. TASR is now "back"...a euphemisim for "shorts now have to cover, or lose their asses". That includes tutes. It is now evident that TASR actually is for real, and NOT just fluff. They will sell a lot of gear later this year and in '06. Peace. - Frieberg