Hey all
Posted this on the PEN thread earlier but thought I'd share here re: option plays. I've been watching PENOA recently as I noticed some action in there last week that had me quite intrigued. Today proved how well someone is playing it.
Heres the pic:
It was so easy for this player to push the options down, they are pretty tightly held it seems as not many are willing to sell down but the buy queue thins out as soon as PEN takes a few hits and it costs nothing to push it down. Notice the 20,000 every time to sell it down. Then buying up at the lower levels.
Been busy with study lately but now thats over im keen for a few trades. Let's go!
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