Where, normally I'd NOT have this upper line drawn
But Long-term channels CAN act weirdly.....
This makes for 1 of my favorite examples (it totally wound up getting all the way up there - Up to 35)
I was THINKING of buying calls on it just prior to launch !
Look at that......In February I was looking at some 24 Calls (which were at that time being offered up at 1.65)
And just 1 week later were bid 7.50 !
Labrador Iron Ore soared due to Brazil mine disaster / shut down
Wait ! I sghould actually pull up some numbers here -
Let's pull up the January $ 60 calls.......Bid .45 Ask .85 .......
With the stock trading at 47.62
Wow - Actually traded 30 contracts today.....
Normally OI = zero . . . Now it (strangely) sits at 9 ?....Why not at least 30 ?
Someone is on the same channel as us !
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