Please note that hedge.risk has been on this boad for a while using different monikers. His fund is underwater shorting ARNA and he nees you longs to capitulate in order to save face. It's not necessarily the small ARNA longs he needs, but the sub $1 BIG ARNA holders to give up.
If the PPS gets into the $5.80s this week, buy and hold. 19JUL opex is pointing to another $6 pin. Use this to your advantage. There are currently 84,000 contracts (or 84 Million shares) for the 19JUL OPEX. A lot of money is on the table.
Ooops...missed the decimal.
Anyhoo Hedgie, I hope it works out for you, bui the clock is ticking. If you pull it off, I will be amazed! Good luck....you will need it. After July, it is going to get real interesting. I can't wait!
Options are mainly used by underwater HFs that short blockbuster stocks! Most retail know that and stay away from them.
Short can't cover without the retail's shares. You know the tutes won't give up their shares! They want more, but retail has them locked down.
Keep yours eyes down the field folks.....buy, buy and buy more if you can.
I kind of equate it to like playing Texas Hold’em. There is that one guy at the table who doesn’t really know how to play, and doesn’t do what he should do (like fold ) when you bet heavy to get him out. You have two Aces before the flop, and he has a King and a deuce. He stays in to end, and ends up beating you with two kings and a pair of deuces.
It appears that retail are dug in and are waiting until the end.
It is so obvious...but it is about time.
Don't worry. 19JUL opex Maxpain is $6. There is over 88,000 contracts. This one is a biggie and the big boys will not stray to far from $6 strike.
What are you doing here Hedgie? Shouldn't you be running off to your $20M cabin in the Catskills?
That isht is bad for you Hedgie, but I suppose we all have our vices.