RE:What is it now rebel?WeedtheNorth
$16 didn't hold? not only did $16 hold it's pushing $16.50 ..Do you even know what you're talking about?
Currently tading at $16.35 U.S........High of $16.43 U.S LOOKS like they're being ambitious and going after the $16.50 calls or even the $17.00 calls.
IN CASE YOU DIDN'T KNOW the higher the SP goes above the strike price the more money is made in most cases. There's also a funny thing called THE BREAK EVEN POINT.. The current break even point for the $16.00 U.S call option contracts are $16.50 U.S
OH and would you look at that a 30K sell order at $21.75 CDN just got taken out.. Now considering 19900 of those asks were from 2 orders that would appear to indicate a NEW SHORT position as opposed to a line in the sand for shorts looking to stop out losses.