But the Donkey says that's a bad move!
It just dawned on me why I'm seeing all these pointless waste of time posts. For some reason I took you off ignore. Not sure why the heck I did that in the first place but the issue has now been resolved. hee haw.
It's only been a week...LOL. The good news is that if anyone listens to this guy, they only put 3% of their portfolio into it. tradestoxx11 certainly is "gifted"
No answer Andrew? Your MO seems to be to just bury certain posts that challenge your "knowledge" in a lot of other "look how great I am" backslapping, blow your own trumpet posts.
In the March $3 calls OI is 7036 and volume today was 801.Although it's probable the trades were trades of current open positions it's still likely the OI remained around 7000. A call is "In The Money" if it closes above the strike price, so these are all in the money to the tune of $0.06.
It's a VERY strange feeling to be coming to Jean's defence BUT Why is that a lie?
Yep cannot complain. I just had a great run on KWK from $1.65. Out of it now at $2.55 and portfolio is 65% cash.
There's plenty of hype on this board but I personally think it does matter. It's not easy unloading a million shares of a stock when that's a significant portion of the average daily volume. The fact that the stock price didn't significantly is worth noting, don't you think?
How are you trading it? What's your strategy? Also, in case you didn't notice I responded to your MNKD post. Looks like you've made a few $$ so far. Tomorrows early trading will likely determine if a bearish formation has formed. What's your exit strategy? Do you have one or are you letting it ride?What's your cost basis? Do you think those gaps in the daily chart will get filled?
The good news is that there is virtually NO open interest in the next series. June has around 1.1M in both the $2 and $3 strikes which makes it look like a bull call spread. If that's the case, I doubt there will be any motivation to pin it at $3 in June. Then in the Sept series the big open interest is at the $4 strike. So, once we get past the March expiration it looks like we're going to be moving up from here till September. Harry, anything to add? HEE-HAWWWW