Day traders' three-cheers-for-the-weekend lounge November 19-21, page-12

  1. 12,641 Posts.
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    Next week.
    The hards yards are done.
    You just have to break up the increases into segments.
    A 10% rise brings ICI to 20cents.
    Another 10% and the options are at exercise price of 22cents.
    The options seemed cheap at 3cents but the 84% increase put off a lot.
    In theory they should have gone up by half of the 4.5cents that ICI
    increased.
    All ICI has to do is form a base at 18 at the OA will increase.
    Happens with a lot of options.
    A base at 18 for a day or 2 and they will be 4c imo.
    By the look of the sell ICI could even gap up Monday.
    They tried hard to close it lower.
 
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