It actually hit 1.20 Grease as I picked up 1.24 to lower my entry in the 3's. Back then this was 83% shorted and less than 20% institution owned with 15 to 20 days to cover short positions as the volatility was gone.
Now the short percent is 23% and 63% institution owned with 3 days to cover short positions. AK Steel followed the same cycle and was took down to 1.64
We are in excellent shape now and and we witnessed a complete flip flop only seen every 15 years or so.
The journey just begun and we will ride high back into double digits and beyond. It's been really nice so far and even with my early re-entries, I'm still making out like a bandit.
Happy trading on the option chain as when we break 12.50 we are really going to spike. 4th Q earnings couldn't be fast enough but patiently excited about what's fourth coming. ;-)
News 
Market Data 
Discover 
