Re: Cool Option Activity
in response to
by
posted on
Aug 30, 2021 12:51PM
Hi Jimmy,
really sorry for not being clear on this one. It was not meant to be a recommendation, just information about the actual price of the contract. I agree with you, that $25/share is quite challenging price point to achieve even with a favourable ruling.
It just puzzles me, that it is already second time, when a sizable OTM position has been established. In my understanding, this just create a pressure on the market-maker to purchase more shares to cover this position.
My personal preference would be to sell those calls, but the price of the contract is bit cheap to do so.