Replies to post #108811 on Lightwave Logic Inc (LWLG)

[Rkf302]

I fully expect us to trade above the 10.07 high from yesterday either today or tomorrow.

[jealmc79]

“A close above that will cover a lot of shorts.”

If those calls are owned by shorts they can call them even if the price remains below $10 if they want. Might be cheaper than trying to buy 600,000 shares on the open market.

[nsomniyak]

Looks like there was a transaction for 1000 LWLG July 10 calls offset by another for 1000 LWLG July 10 puts. Probably a sale on both ends. One will end up in the money, the other out of the money, but the option seller pockets the premiums.