Assuming an April 20 possibility of knowing results, that could explain the high volume of call options at the $5 and $7.50 levels due to expire this Friday the 17th.
April 20th being the following Monday, someone will need to put a PR across a few “desks” (emails) late Friday, Apr 17th for early Monday release. Price spike?
Food for thought.
If word of the results is not going to be announced until after the 17th, those options should be average vol and expire worthless - no price increase anticipation.
If the options indicate somebody knowing something, this should be an interesting week. Tom123 calling for a slight pullback early this week Mon/Tues to finish the wave around 2.85 or slightly below, and some heavy betting toward the end of the week on $5 and $7.50. That’s a quick turnaround - from $2.85 range to $7.50 in 3 days. And yet, Tom is a skilled chartist and sees evidence for his pullback range, and the options are there for all to see - bets have been placed.
Where there’s smoke we might have a very sudden fire. Positive result type info is about the only thing which I can imagine that could catalyze something of this scope and nature. Anyone?
Rett full enrollment announcement could get us over $5 but not to $7.50. Last time, fast track got us sustained high volume and steady climb to $6.20 but not in 3 days, more like 7-8 trading days.
Only thing pushes us over $7.5 by Friday is actual release of results prior or someone catching wind of Mon result release.
Unless the options are hedge for the 8mil short just in case.
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