Up until recently even the shares had been quite illiquid, thus the options certainly were never going to be highly sought after. With this latest bump in price action the volume today is the highest for 8 months, and just maybe we'll get some extra positive news soon, with the quarterly due out by end of July. If the share price was to trade at or above $1 due to positive news then IMO the options will become a more appealing tradeable security, as GKeden suggests. Time will tell... My question though is if the FAA approval is announced in the coming weeks/months (and Delta required to pay around A$5.4 million for sensor installations already completed) how high could SMN share price fly before any additional announcements regarding United etc. Certainly I'd imagine at least $1, but could it be much higher? Again, time will tell...
SMN Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
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