Zeev's Turnips Patch-No Politics (ZEEV)

[Bob Zumbrunnen]

I closed an Aug25 puts position on TASR today at a small loss. It looks poised to dive below the 200DMA, but I'm going with my gut and "max pain" theory for now, and the max pain would be inflicted on options holders if it hovers just above but doesn't drop below $25 between now and expiry.

Bollinger bands converging while it's flirting with breakage of the 200DMA (or did it break it today? hard to tell from the Yahoo charts) says that it might ignore max pain and plummet, but I lost my willingness to bet on that outcome.

Edit: I was shorting it and covering it repeatedly in $2 intervals in the 40's. Needless to say, I wish I'd held that last short position. I don't think TASR will see the north side of $27 again anytime this year, and if it loses $24, it's doomed until about $7.

Seems a viable company. Just seems the stock is WAY ahead of itself.