PIROA holds the key to the underlying strength of the buyer interest.
Although the primary volume comes from the heads, the punters in the know go for the leverage that the options offer.
Currently PIROA puts the heads at around $0.30 which means PIRO is probably trading at around a $0.03 discount, even taking into account they're short dated.
It's good to see buy orders being pulled from the depth to release a bit of steam from the run - it's indicates to me that the run is genuine and those looking to acquire are trying to coax current holders into the market
There is some serious juice in this stock - obviously given the run it's had, it's hard to tell what's in store. I guess we will know more in time.
PIR Price at posting:
27.0¢ Sentiment: ST Buy Disclosure: Held
