OPTIONS TRADERS CO-OP

[royg1927]

CELG April 8, 104 calls.

Total trades this strike for today are 302 contracts. About 240 of those were in the first half hour when the steepest part of the advance took place.

The most recent trade was a single contract which went for 3.60 after the previous sale at 2.96

I have quite a few more contracts in hand that were loaded at .90 in the first few minutes, but are now at more than 3X and wanting a better place.

Edit: Now 2 more contracts at 3.65

Edit 2: The que is now $3.50 x $3.75 and 301 x 5. What is to be thought? As several observers already know, I often watch the options ques for clues as to what other traders seem to be thinking. A bid of 301 contacts at $3.50 sure seems unrealistic.
Which is the kind of observation I see more often than not.

Conclusion is that many "traders" are attempting to "work the system" in ways that I cannot understand.

CELG stock today totals more than 4.5 million.