Pretty obvious the 1m sells clouds that appear, we saw some panic, some capitulated, others re-appearing at 1.1c
Thats pretty good Leverage when you can get it. For a 12.4m mc company, 155m FP that should with this china connection be able to catapult much higher.
The real advantage of options is leverage.
if the target is 100m mc, for example then thats (8 X) 8c heads at 64c, and ops at 41.5c = 37x 1.1c
Thats mathematical magic. Comparing 8X gains to 37X gains. And what will attract option buyers to pay much more than 1.1c, v 8c heads. That should tighten up, so that the gains on options are closer to the heads. Hence you can see the options move higher, even if the heads just start to lift marginally.
OSX Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
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