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Re: Benny7459 post# 87962

Tuesday, 08/09/2016 6:42:47 PM

Tuesday, August 09, 2016 6:42:47 PM

Post# of 426304
Benny, quote: "I am curious about the August 19th $3 calls. OI still well over 10K. Seems the big call buyers have yet to cover their positions even though they have already made a nice profit."

I think there is a surprise in store for us this Friday or early next week. My opinion is based on your observation (no change in $3 call OI), the 6100 calls purchased 2 days after Kalb's hire, and the price action up to and through earnings. Some event/news is being priced in with urgency (besides that of the expected R-IT announcement in 1-2 months).
If so, I'm sure management has strategically timed the announcement to not interfere with earnings, as well as to keep the bullish momentum supporting the earnings induced price rally.
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