Replies to post #281225 on The Golden Lounge

[SSP]

It's a lone buy too, not part of a straddle etc.

[100lbStriper]

i been followin this with you guys but have no position. but i have to say if i was behind that action thats the way i would be chasing it. somebodies got an in but their timing is momentarily off. my 02 from otc land !

[Wayne R]

Those were $30 Calls dated for a little over two weeks out at that time for a short term bet. Somebody was betting $17K on a quick move that obviously that didn't pan out given yesterday's expiration was the 17th.

It is a higher power that is screaming at you to write covered calls that will expire dead in the water so you can write more.