22nd Century Group Inc (XXII)

[brooklyn13]

You mean their annual, for the last many years, projection of a $9 share price?

Strangely, with the big meeting upcoming, beforehand, there is little optimism being exhibited on XXII call options expiring on 2/21/20. The $2 call, of which there is a volume of 2700 (not really impressive), last went for .02. As a percentage, the ratio of that to last share price, it comes to barely 2%, which I view as non-investment grade.

Either someones know something or someones know nothing. There are other things working in XXII's share price favor, but this is a big one that is not. If I were looking at this baby with fresh eyes, I wouldn't buy at this point, although things can rapidly change.

By comparison, for example, ACB's option ratio percentage (based on nearest near the money strike price, $2.50) is about 7%, which is good, with a volume (active contracts) of about 5700, which is a lot better. And even the $3 strike price has a 50% larger premium with volume just north of 6100.