70! Covered. No DD so subjective cover. I was going to wait for 74 (vol target) but I don't think we'll get there this week.
Completely lacking common sense or critical thinking. A few mil in volume. Notional. Shares traded lower and you don't know where flow originates, but whatever. Dude says to buy the 4 straddle bc vols will rally in the next 29 days. Where is that straddle going to be at $4 in 29 days? The 4-straddle is bear delta. puts ITM long, calls OTM long. Yes, above $4 on the forward it's long delta. The $4 straddle was 0.94 offered. The 3.5 straddle was 0.63 offered. 30 cents cheaper and long delta. Nearly a four banger while his $4 combo would be 2X at his 5.75 target. Shares are lower, BTW. You're going to buy the $4 combo, an initial bear delta, over the 3.5 bc you think the shares rally to 5.75 on a jump in vol? Said nobody, ever. On some ridiculous shit with a few mil notional in option volume.` Coin-op laundry.