no nice person hates squeeze.. it is just that how many "real professional money managers" are going to sit behind a computer and post on the yahoo message boards?.. who would use words like quant, box hedge, sleeves, pm etc. thinking as though they impressing anyone.. squeeze writes some good posts but.. he missed the Macau 2014 debacle.. now Hong Kong Politics gets thrown into the poop pot.. this stock needs to find a capitulation.. if MPEL $25 does not hold you are looking at $20 - $22.. and that quant funny..
every silly poll gets the stock moving.. covered calls sold Friday.. this is a very good stock to trade!
even "short socks" is in on this one... I admit including myself a lot of people were upset over Fusilev but that is water under the bridge.. 5 commercial drugs, 2 late stage and 9 in development with multiple partners..
that is what the shorts are going to be asking themselves..
I am looking at the "in the money" $7.85 Jan 2015 calls $1.15 to buy = $9.00.. if the stock goes to $12+ by year end you would make 3x on your money..if I can get them for $1.05 tomorrow I will buy some
1 contract conrtols 100 shares.. 10 contracts controls 1000 shares.. rather than tying up $40,000+ on 5000 shares the Feb 2015 calls gives me the right to buy them at $10 + .55 = $10.55.. so I only tie up $2750 capital.. once the price clears $10 it should trade close to dollar for dollar.. if it went to $15 they would be worth around $5.00 a share
they are selling for .30 cents and you can buy for .55 cents.. the buy 50 contracts is for $2750 but they are selling for $1500.. $1250 slippage between the bid/ask.. I would buy for $2250.. 50 contracts controls 5000 shares
bid .30 - ask .55. placed an order to buy 50 calls at .45.. doubt they will go off.. I do not like wide option spreads.. still will SPPI be $10+ in February 2015?.. I like the bet..
what else can it be?.. I mean the market makers shelf is appears to be empty.. no more shares to borrow and nobody is selling.. A Molotov Cocktail for the shorts waiting to unfold..