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Re: RRRichmond post# 32817

Wednesday, 04/08/2015 9:32:24 PM

Wednesday, April 08, 2015 9:32:24 PM

Post# of 700308
I am not an expert either, but have traded options for years. My understanding is that this situation usually happens when there is not a high volume.

IMHO, because of this unusually low premium (almost with no time values for almost two years of time), it is a real bargain for buyers of these leap calls. Of course if you don't believe the success of either L or D, then don't buy any leap calls. In addition, time values are relatively insignificant for in the money leap calls compared to out of money calls!

I have lots of leap call options at strikes $3, and $7 along with a very large number of shares.

Nonetheless, things can change very quickly, making leap options very expensive.

The last I want to say is that compared to the manipulation of shares, option manipulation is more rampant!
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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