RE:RE:RE:RETAILERS STAY THE F AWAY FROM CANOPYRebels65 wrote: CONSPIRACY THEORY? No just an observation.. SO TELL EVERYONE, WHY IS price is moving up for absolutely no reason. No news events, no industry events. THERE'S ABSOLUTELY NO REASON for Share price to be rising... HOWEVER there's 9699 call options expiring tomorrow between $14.50 and $17 U.S ( 7443 between $15 to $16 U.S) . There's also 9498 call option expiring next Friday just at $15 U.S,, If you look at the whole month of options there's next to no put options.
Now everyone knows options are used to hedge bets. Short positions are hedged with calls and long positions with puts. So why do you find it so hard to believe that share price is being manipulated around the options?
OH AND JUST TO RUB IT IN Last time I REPEATED this mantra was July 28th 2020 I POSTED
"Covering my butt.. Look at the call options between 16.50 and 18 U.S expiring this week. Todays high cleared the $18..Another thing I noticed is huge ask bids ( indicating new short positions ) on the way up to todays highs.
IMHO the shorts are spiking the SP to collect on the calls and sucking in new retailers so they can get new short positions"
PRETTY MUCH the exact thing I just posted...
HOWEVER Share Price is currently taking out the call options between $15 and $16 U.S..So the proof is in the pudding.. Last time they ran up SP for no reason but call options were taken out AND SHORT POSITION INCREASED,
Right now SP is being driven up for no reason but call options are being taken out and IMHO short position is increasing..
SO MY CONSPIRACY THEORY LOOKS MORE LIKE A PATTERN
Not going to dispute your theory REbel , but the Sp dropped due to Aurora dragging down the sector . The market also tanked when Trump tested positive for Covid and furthermore when he tweeted about the stimulus package being nixed .
These resons above^^^ dragged the price down into the teens, It is possible its just recovering from that .