You realize these orders are put in by SHORT players. Here's how it works:
The large short players buy short dated out of the call options at insignificant prices to their overall short position. The small retail investor like you (no disrespect meant) starts thinking there is news pending or a transaction imminent. The price is driven up in the short term. The short player than starts selling large blocks driving the price back down. If you look back over the last 12 - 15 months the shorts have been using the strategy continuously. It has been working extremely well because the average retail investor just doesn't get it.
With that said, please do NOT think I'm a short seller. If you look at all my posts regarding ZIOP I've been LONG the stock for a few years with my first buys down in the low $2 range. I've used the short's strategy to my advantage by selling OTM calls when the buyers step in. I've picked up tons of premiums over the last 15 months while I wait for the long term story to evolve.
I'm been doing this for 35+ years. There is no doubt this is happening with ZIOP. Go back. Take a look how often there are large short date call option positions outstanding. Look at the overall size of the shorts. This is a twitter stock that is highly manipulated by the institutional shorts. Only when ZIOP starts to deliver real medical breakthroughs will the short cover and move on. I don't expect that to happen for at least another 12 - 18 months. I'm more than willing to be patient, make my money on my call writing strategy and expand my long position when the shorts demonstrated they can drive the price down 20 - 25% in the short term.
My two cents. Slow and steady! Good luck to all!
Nice solid results presented for Phase 2. Still along way away from final approval but definitely will be perceived as a positive. Stock should continue its trend higher next week.
I use Yahoo Finance only for entertainment value. There are much better investment boards that don't allow 95% of what is posted on Yahoo Finance. I like coming to Yahoo Finance when I'm bored and need a good laugh. By the way, I'm long a large position in ARRY and added to it aggressively earlier this year when the stock broke $3 through the use of selling blind puts. I was more than willing to get the stock putted to me. The chart is looking very strong. It sure feels like ARRY wants to go higher. Slow and steady! Good luck to you!
Thanks for the good laugh! I love Yahoo Finance for its entertainment value. I have a large long position in ARRY!!!!
Thanks for the call out. Stock has outstanding momentum. No doubt the stock trends higher over the next 3 months. I own a large position that I've built over the last 18 months. I expect to use a cover call writing strategy starting when the stock crosses over $35. The volatility will start to pick up and I'm more than happy to give up the stock from $40 - $50 over the next 12 - 18 months. My two cents. Good luck to you.
Can I get the name of your drug supplier? Why you ask? Because the crack you are smoking must be awesome! Not a chance it gets to $20. More likely to get to $35 before $20! Slow and steady! Good luck to you! Easy on the crack! HA HA
What are your revenue estimates for these three potential approved products. The mostly likely to be approved have small opportunities. Don't get me wrong, I'm long ARRY and continue to buy the stock below $3. I have a nice position that I have built over the last 2-years. I expect to continue to buy the stock. I like the number of shots on goals they have. In addition, the cash position is solid. What I don't like is the number of shares that are currently outstanding. The potential for this stock to break $20 a share over the next 2 - 4 years is limited by the large float. Just my two cents. Slow and steady! Good luck to all!
The street is going to like this a lot!!!! Should have some shorts covering in the short term. Slow and steady!