The trading pattern over the past two weeks is obviously someone wanting to discourage option conversions. Tiny sells into the bid for a few hundred dollars at a time and sometimes crossing the spread if its a few ticks even just to sell a few hundred dollars worth.
The only reason I can see for this is so CDX doesn't get the full 8M in cash from conversions and will be forced to cap raise for the CONNEQT launch etc.
EG: last trade at 6.1 for $630.
The trading pattern over the past two weeks is obviously someone...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
