In addition, it has a small float and a big short interest, recipe for a big pop. I don't think we break 200, eventually normalized to 140-50 or so. It looks like today's volume will be double yesterday volume. I would think big players' short covering. Can't see why anyone would initiate such a large new position.
Yes I think they traded between .1 and .3 the day of earnings. I was only in for 800$ at .2 and for 24$ was a 120 bagger but if I was crazy and held it'd be a 225 bagger today at 45$!
My only point was they expired yesterday, if I am not mistaken. Either way great play. You had 40 contracts? Edit: I was looking at Yahoo's option page which said " Expire at close Thursday, January 24, 2013" which might be incorrect.
me too, I sold 23ish, too early, I just wish I hang another day, doubel again. nflx short squeeze too hard. I think some big guys must lose lot. and some big guys must win big big. I bought HLF at 25 to 26, sold 37ish, too early. HLF is a rare case. late I shorted it, lost some profits, so I did not try, safely keep my profit. the underlying reason is short squeeze. last week MLNX did the same thing, dropped to 35 after earning (long term low), then next day back to green and high. wall street is full of this kind fight. glad I did not short NFLX next day (plan to short, buy some put, but the surge terrified me), watched it climb, just pain. bought AAPL 450 put, made decent ride, happy. NEXT WEEK, FB is on the show