Craig, it's pretty apparent by now that the answer to your question regarding a bounce to $37 is "not anytime soon". When you see the CFO bailing out prior to reaching the age of 60, you know prospects for stock appreciation have become diminished.
Yes, good luck on the trade. I myself don't have the testicular fortitude for a strike price so far out of the money. The way UVXY moves, we'd really need a complete apocalypse to reach that level (not that you'd need that level to reach your $2 sell point).
Maybe the street is reacting to HRL spending $286 million for Justin's Nut Butter. Wow, a powerhouse move into the massive nut butter market!!
Ha, ha! I saw that one the other day too and had to read it a couple times. I'm thinking that would be the same thing the rest of us call "toes"??
No I have no open positions of any kind right now, but I did have a long position that went nowhere but south, very frustrating to watch.
Perhaps, but you see how it takes a +100 point down day on the DJIA to get a 5% upward movement in UVXY. And there will be a +100 UP day in there somewhere which will wipe out several 5% up days.
Would that be the May 20 expirations? Those option prices swing so much and I did not look that hard at the option premiums last Friday.
One up day in the market destroys the value of this POS at about twice the rate of one down day of equal magnitude. In order for this POS to actually make a meaningful move up, we will need to see several consecutive down days, IMHO
Wild swing today that's for sure - to me that sounds like "volatility"!!! We'll see where this goes next week.
If I recall correctly, the stock proceeded to tank after the passing of the record date the last time they did the special dividend. Hard to imagine the same thing is not going to happen this time as well.