Look at the bids on the options (SLTOA's) at 30.5 when the main shares are at 48. Have not seen this premium factor for a while.
I will not be surprised to see 75 cents within 4 weeks from the behind the scenes progress I have been hearing about.
Definitely oversold, probably by traders with stop losses and time limits in place. I'd expect to see the buying moving back in soon.
Look at the bids on the options (SLTOA's) at 30.5 when the main...
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