rio put's, page-5

Yeah, these clowns all BUYING! Whats the story.
Short term reactions of course, due to Prod report causing red mist.

Fallback next week, but rise towards Thurs earnings report.
Then either more red mist peak on numbers, or not if they are weak (and they wont be great). THEN they turn back down for the longer term down trend wave which SHOULD have been maintained after $30 anyway! Except for these overzealous clowns around now!!

I am assuming the truly big sellers sat out from $28, as is usual to allow a price to rise while buyers think it is all over. But they didn't resume the selling in the peak area because they saw interest still high, thus have let them to their own devices for now again. To crest out or whatever.
THEN they will be returning after earnings report area AND will have all these last few weeks short term traders leaving too!! So it will be a big fight to see who can get out best!! And there will be a LOT of them in total!! Big sellers to resume their next wave of long term selling.
So the weight of ALL of those is easily enough to get RIO back to $28 or less.