One note I didn't mention is that LOM have some 30c options expiring on the 24th of this month. They also had some expiring on the 24th of last month and the SP mysteriously dropped below 30c two days before expiry. Coincidence? Doubt it. So while the current double btm reversal looks fantastic I wouldn't be surprised if it stays suppressed until after these options expire.
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One note I didn't mention is that LOM have some 30c options...
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