Shorters are about to get smoked ...why...why you ask... easy... when Call Options (short positions) reverse and start going up in value - get more expensive to buy - even when the stock price is going down, or staying even which is what is happening today.
Then - It's a sure sign of what is to come - take a look that the following example. This Call Option was .07 cents !!! a few days back - now look at it.
This is the one (the October 5.00 Call) I sold 71 contracts of Yellow - as a hedge several weeks ago - I hold 22,200
This is my (Covered Call). It's going up in value big time - which means the big boys are thinking YLO going back up
OVER 5.00 BEFORE OCTOBER!!! They are starting to cover people!!!! The information below is from RBC.
Cheers
0.25 x77
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0.30 x40
|
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0.15
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0.15
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426.0
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148 Days
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