Stock tip
Some people might know I dabble in stocks to supplement my and my family's income. I'm like a private investment consultant that tells you upfront I'm going to embezzle to feed my ___________ habit.
So I ran into something extremely interesting today. There isn't much time for you to get into it, as I'm just puttering around with it today. (Actually i discovered it yesterday) but the nature of investment I needed to do my own due diligence.
Stock ticker is MPEL, it's hovering around $3.60
Currently the volume is at 13,000,000 shares... vs. 8 million on average for the whole day. What the hell is going on? That's what I asked.... looking at the board, it looks like an organized short and cover attack on the stock.
Why?
Let's look at the options spread.
Oh look January options expire on the 16th....
There are over 90,000 open call contracts averaging .05 cents
major groupings are 45,000 at 7.5
and 25,679 at 12.50
Is there a straddle? Of course there is...
20,778 puts at 5 dollars
and 3000 at 7.5
Wow.... lots of pessimism... Let's look at next month February options
3000 calls and 500 puts
Wha? Let's look again.
Jan. 90,000 calls and 23000 puts
Feb. 3,000 calls and 500 puts
My prediction, within 10 trading days... MPEL will be over 4 dollars.
So I ran into something extremely interesting today. There isn't much time for you to get into it, as I'm just puttering around with it today. (Actually i discovered it yesterday) but the nature of investment I needed to do my own due diligence.
Stock ticker is MPEL, it's hovering around $3.60
Currently the volume is at 13,000,000 shares... vs. 8 million on average for the whole day. What the hell is going on? That's what I asked.... looking at the board, it looks like an organized short and cover attack on the stock.
Why?
Let's look at the options spread.
Oh look January options expire on the 16th....
There are over 90,000 open call contracts averaging .05 cents
major groupings are 45,000 at 7.5
and 25,679 at 12.50
Is there a straddle? Of course there is...
20,778 puts at 5 dollars
and 3000 at 7.5
Wow.... lots of pessimism... Let's look at next month February options
3000 calls and 500 puts
Wha? Let's look again.
Jan. 90,000 calls and 23000 puts
Feb. 3,000 calls and 500 puts
My prediction, within 10 trading days... MPEL will be over 4 dollars.