That would be about a 3.8% up move from here, so yeah, I think that would be a safe order to place and let it sit. That would be a big one day move at this point, but ya never know. Might as well try. Just don't get too crazy with the size.
I didn't meaned the upmove but if it gets to 190-191 tomorrow the monthly closes in the o/c of previous months (which could act as an(imaginairy) SR for a short position). But the stock moves crazy indeed
Well the $185 straddle right now certainly implies it could get there. It's implying a 4% move between now and tomorrow's close.
The P/C ratio on the Q's was 1.85 all week. It dropped overnight to 1.26. That means a lot of shorts have said "uncle" and you know what that means... market runs like we've had never correct until all the shorts are dead. Wouldn't it be funny if we have a huge sell-off tomorrow?
Apologies I posted this on the wrong thread my computer got confused. Back in NYC on the rusty wheels of steel... I kind of Savant thought this out last week. I held off because we had a run with OTLK and I didn't want to fish too much in the low priced swamp of Bios.. Capital raising and all that.... Checkpoint Therapeutics, Inc. (CKPT) NasdaqCM - NasdaqCM Real Time Price. 2.3072+0.1272 (+5.83%) As of 01:39PM EST.
Never really pulled in much) Unifi, Inc. (UFI) NYSE - Nasdaq Real Time Price. 6.93+0.76 (+12.32%) As of 01:48PM EST.