Studying Call Option OI as a proxy for PPS ceilings. (That good ol' J15 $10 C)

Back on 1/2/14. with the PPS losing @ $9.99, the Jan 15 $10 Call was at $3.30.

At that time, the JAan15 $10 OI at 542 didn't even come close the the OI of the Jan 15 $20 Call, which was 1811 .

And the OI in the J15 $10 C is now at 5849. The OI increases in this Jan Strike have lead the entire Unxl chains since March.

(While the current OI in the J15 $20 C , at 1827, shows just how dim the expectation lights have become)

Based on this J15 $10 C OI, and the OI in the August $8 C, it is worthwhile considering two things:

1. That the PPS close on August 15th will likely be at or below $8.

2. That the PPS close on January 16th 2015 will be at or below $10.00.

Back in march, I presented a custom chart in which I had placed points representing the top 2 OI Call Strikes for each chain out to January 2015. While I performed some updated on those 3 Highest OI strikes, two things become

blatantly obvious:

1. The chart was becoming unreadable to most casual observers.

2. With time the highest OI strikes were changing to lower and lower numbers.

And now, withe finality of actual PPS behavior since March now on this chart, another observation becomes blatantly clear-

ALL of the top 3 highest OI Strikes since March have closed OUT OF THE MONEY.

Yup, Call writers have been systematically cleaning Call buyer's clocks, if not their entire houses.

Now, I know that you guys love to post endlessly about about just about everything of little to no value regarding your

Unxl 'investment,' but you just might want to hit the pause button and actually think about what the Unxl market is

suggesting to you.