Re: Breaking News!!
in response to
by
posted on
Dec 03, 2020 10:28PM
WB DT: "It is happening......The final TP EIS has been released. I won't have a chance to review until tonight but I did not want to slow down your review. Enjoy the reading. I look forward to what this crew thinks. I will post my thoughts when I am able to do so. I would keep away from those Puts Pavel..."
Great news, WB DT!!
I should say: This is Terrific NEWS, but in so far as Pavel's advice... I think Pavel pinned the tail on this donkey. Pavel was advising to SELL Puts..... not to buy Puts. As I understand that position, and I may totally be missing it, I believe Pavel was counting on LAC being above $10 a share at expiration of the Puts and thus he would pocket the Premium off the sale of the Puts. Please correct me if I am wrong on that point. It has been a while since I did Option trading, but my interpretation is that Pavel's advice was good advice in view of the good LAC news you provided today. Best wishes. Okiedo