AZLOA is still a while off from lift-off as the exercise price...

AZLOA is still a while off from lift-off as the exercise price is 18c, not 6c, and not the 5c for AZLO. There could be potential to make some money along the way, but realistically it is still an extremely high-risk proposition at this point...it's a long way to 18c by August 2024. AZLO is trading very nicely and moved up in lock step with the heads and on strong volume. AZLO could still see some further parabolic type movement over the next few days, even if the heads only move a few pips up each day. The ledger has consistently "appeared" to show few options available, but proportionally far more have traded than the heads, based on SOI, and stock is quickly made available for willing buyers! This is reassuring as it seems that oppies holders are very optimistic the stock will reach at least 6.3c (based on today's close + exercise price).

Another solid day of trading with plenty of churn at the 5c mark (which was basically the average price for the day). This has closed at a strong psychological resistance barrier, the technical and momentum indicators are excellent, today's long doji candle is pretty spot on, with huge trades (some for $250K+) going through at this level. I'd be ok with a bit more high-volume churn at this level to provide a strong base for it to continue to trend up, but the strong insto buying means that it might not get that chance at this level. Good luck!