Options $3 calls are exploding and so is NAKINovember calls are exploding this morning!
Normally they start out slow. But already 1,541 Nov $3 calls have traded. It usually takes till mid day for that many $3 calls to trade, but there is something even much more significant than that.
Until a few days ago, the $1 and $2 calls were doing the most trading. The total for the $2 calls that have been traded is 28,309
The total for the $3 is 9,163, and that is only in the last few days. A few days ago the $3 calls started trading much more than the $1 and $2 The total, as of yesterday was only 9,163, but that is climbing. Todays 1,541 trades is already 17% of the total of all $3 calls that have traded in the last 3 months.
Today only 286 $2 calls have traded (Remember that in normal circumstance with only two weeks left for trading Nov $2 calls, and the stock at 0.60 NO CALLS WOULD BE TRADING.)
Any way, 286 $2 calls have traded this morning, while 1,541 $3 calls have traded. That means people in the know expect NAK to be $6.35 or higher in the next two weeks. $6.35 estimate will vary depending on the cost of the $2 and $3 calls, but whatever, knowledgeable people must believe that NAK's price will be so high, that it will be more advantageous to buy the $3 calls, instead of the $2.
AND THE CALL VOLUME IS GOING GANGBUSTERS SO INSIDERS MUST BE MORE CONVINCED THAN EVER, THAT NAK's PRICE IS ALSO GOING TO BE GANGBUSTERS WITHING 2 WEEKS … OR SOONER.
Oh, also, already today NAK is in the .60's, in fact heading towards the mid .60's. PEOPLE ARE BUYING !!!