More good news for Stoney Someone today sold, in one transaction, 1450 of the June $7.50 puts on RAIN for $2.40. (Now we know this might confuse Stoney so I'll help him) This is an interesting trade. There's a large open interest at that strike, and it could just be someone worrying as RAIN goes up a little and they decided to close their position. Or it could be someone who wants to collect the premium, ie a new position, and is saying "I have no problem being assigned this stock at a cost of $5.10." There was a lot of action on this strike on 4/28. I wonder why. I don't see any news on that date. Stoney? Any help here? Not regarding options, but news? What I don't understand, is why the price of those puts on 4/28, when the stock traded relatively flat (a $.50 range which is normal) were $1.45 ask in the morning, and $2.40 ask in the afternoon. That's odd. And these weren't small transactions, volume for the day was 4300 contracts. So about $1M. Thats a lot on a $7 stock that only traded 130K shares that day. And today, with the stock at $8.30 vs $7 on 4/28, one would think those puts would be substantially cheaper, and yet they are the same price. The bid/ask was $2.25/$2.85 on that 1450 contract trade today. Hmmmm. The stock is HTB too. Borrow rate is 3%. But only 5% of the float is short. That doesn't make much sense, but I pointed this out last month. I dunno Stoney. This is one interesting stock. You're either gonna hit the jackpot again on another bio, or it's gonna get cut in half. Whatever happens, it's gonna happen soon I think.
S&P 4,056.87-33.88 (-0.83%) 12:20 PM 05/04/23 Why would he come here now? The Lizard King and that 4,080 number why is that number so important? Why? It's my lucky number says the Lizard King. Well that's not going to help you with hundreds of bank failures is it? That's not going to help you when you have a fathead Fed Chairman is it? Who everyone has lost confidence in. Why would you even show up?
Stoney I was working on the above post when you were posting. Doing some good dd for ya cause I know this one is important. I don't care what we call it. We gotta get to 4200 first. How about GBA Presents: The House Of GBA-!
Van I'm glad you posted that and there is no cyber trail of me sending you that info so we are good! And it's all public info. Big Pete has been on this.-
" House Of Gummy " I like it. It has Drag Queen sensibilities which I'm totally into. And an old NYC feel,
Note to check tomorrow. Open interest today is 4421 on that strike. We'll check tomorrows to see if it was a new position or someone closing and existing position. If it was new, tomorrow the OI should be ~ 5870
It's just the timing Van- we are all waiting for the same results. And they were pushed back.. which freaked some people out not me... I think the data will be even better. Within 2 weeks I would guess. I'm considering buying even more but I'd like to see a house say something positive first. It's been very quiet. My target is $27 Some time ago you mentioned a put buyer- he or she left today so either they just did their evil work and left / Or they know some good news is coming shortly. Pray for Me!
I can't believe Papa is up! That did not read well this morning. I guess unit growth saved it but.... certainly we can do better for the children. I have a theme trade.- I like Linblad Exploration which is small cruises & I like One Spa which gives sap treatments on cruises. 2 BUYS) 1- LIND 2-OSW