Largo Inc T.LGO

Option activity

[ceetong]

A couple minutes ago 10 contracts of July $7.50 puts have been sold @0.55. Remarkable. Obviously somebody expects LGO to sink below $7 by summer.

[ninja123]

if i sell puts, am i bullish or bearish? obviously, if i am selling, someone else is buying.  owing a 1000 share at 7:50 makes sense to me. 

[kha341]

Ninja, We are talking about 11 put units (strike US$7.50, July-15-22) for a total of ~US$615.00. US$615? An amount so tiny that it is not worth wasting our time talking about it. The following table gives you the full pic for Put-July22. Almost dead and really not worth any of our time. 

[ninja123]

yes. agree!  that's the point.  this mgmt team better announce something positive soon!  do you know when q1 earnings are being released .. i probably did not look close enough, but i did not see a date listed.  i would very much like to hear more details on the new entity and the economics of the transaction. 

[ceetong]

Well, the bidder is still active, now bidding 60c per put. I'll be a happy observer to see whether or not you'll put your money where your mouth is. Not even one single share being sold is a positive, regardless how much you try to "debate it away". Even if somebody was forced to sell shares to pay whatever debt/tax/etc. the fact that LGO shares are the one to go first, speakes

[ceetong]

Now he's bidding 65c. Funny enough, I've been a taker and sold puts to him. Did you? The only scenario where such puts make sense IMO is a sizeable capital increase. Is this and out-of-the-world scenario? Not in my book. LGO is in the process of building an ilmenite and TiO2 plant and, more importantly IMO, has founded a vanadium holding company that is in dire need of capital to to

[ceetong]

Well, well, well... as it turns out these puts are now IN THE MONEY!