Look at the bids on the options (SLTOA's) at 30.5 when the main shares are at 48. Have not seen this premium factor for a while.
I will not be surprised to see 75 cents within 4 weeks from the behind the scenes progress I have been hearing about.
Definitely oversold, probably by traders with stop losses and time limits in place. I'd expect to see the buying moving back in soon.
