Don't pay too much attention to the movement of the MMNO options. They're very thinly traded, which throws technical analysis out the window.
It's a bit of a mystery why MMN don't seem to track the price of Silver as much as you'd expect, but the company has had far more bad luck than they deserve. Look for a turnaround on some good news shortly.
If you're looking at options though, check out those of their sister company, Malachite (MAROA). This week, they hit a low price for the year. MAR only need to get back to 30c and the MAROA oppies will double up to 10 or 12c in a heartbeat.
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.