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Ecomike

01/31/13 1:05 PM

#110180 RE: maybe_this_time #110178

Well the short volume was 15%, and there a lot of institutional holdings IIRC, so a bounce from $1.50 to $2.50 at least should be a piece of cake.

It might bottom at $1, and top out at $3 on the DCB, but I do not plan to get greedy. My bet is it will top out on Monday on a bounce from short covering, bag holders averaging down, and sellers having sold already. I will sell the Calls when the panic buying or gap up happens.
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Ecomike

01/31/13 3:56 PM

#110190 RE: maybe_this_time #110178

I think the tide has turned already, Bidder volume was near dead at noon, now they are slapping the ask! This is the way to make money on an option, but the oportunites are rare. If I sell at .1 I doubled my money. I will still wait till monday to sell, hope to get .20:

CLSN FEB 2013 2.0000 CALL
Last [Tick] 0.1[+]
Change Down -6.1
% Change Down-98.39%
Bid 0.05
Bid Size 676
Ask 0.1
Ask Size 1628

Open 0.1
Volume 2802
Day High 0.15
Day Low 0.05
Previous Close 6.2
Prev. Close Date 01/28/2013