consider the plight of the buyer of a call option.......he has only a 33 1/3 chance of being successful on option expiration..... the seller of the option has a 66 1/3 chance of being successful at op. ex...... why?... a stock can do one of 3 things... the price could remain the same, the price could go up, or the price could go down.... now, for the buyer of the option, he can only be successful on one term, out of three...the stock must be above the strike price at op. ex., or he loses..... the seller of the option has 2 out of 3ways to be successful... (1) the stock price stays the same.. (2) the stock price goes down..in which case, the seller is successful....so, unless you have insider information, and know for sure that the stock will move up during the time interval of the option... NEVER BUY OPTIONS...when you see a relatively small open position in a call option, that is Mom and Pop playing the options market... when you see a humongous open position in the call option, that is insiders buying calls for some future event....now about today?...I am sure that the MM ran the stock up this morning to game buyers to buy, while they shorted into the demand... however, the TIME Value of the Jan. 17, 12.50 call option will decay quite rapidly until the close on friday... for those that sold covered call options, watch the time value shrink to a nickel, then either buy back you call, or do a calendar call roll into May, which has a huge open put positions..this is not mom and pop, this huge open position is insiders knowing something big is on the horizon, and it AINT GOOD...just my opinion, but when I see large open positions on puts, I get worried... Lodas
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