Options Wonderland

[daiello]

Couldn't all that call action be large sell orders/transactions?

I don't follow volume, I'll stick to the charts and that says it needs to bust over, 90/92ish, then it's got 95, and 100.

Plus it's made all lower highs, so IMO one would be safe with puts from yesterday. Also, he bought them far out, so if it does happen to go up more he can avg down, and when the chart moves in it's short term trend (up down up down) he'll be able to get out without harm.

Time will tell, but I'm with the guy with puts on gold.