Just bought 11,538 KDRO @ 0.26. I actually have had a short tip in for the heads since mid 5s, I still believe the heads will slowly creep down as more boredom sets in waiting for the court case but there was just too large of a discount on the options not to grab some. Historically, KDROs trade around this level when the heads are in the low 4s but the heads have been hovering around 5c for days. Ideally I'll flip them for a quick few pips and look for re entry but I'm also happy to hold MT if price continues to decline, purely on the assumption that the court case will be resolved in a few months and we'll see a re-rate.
