L&L Energy, Inc. LLEN

Drove it down to cover the 52K - 55K in puts

[Cool_Scirocco]

Big selling right at the close to fill the in the money $2 and $3 puts, with a final closing block of 47,900 shares at $1.89.

The availability of options on this stock is seriously hurting its ability to reflect a rational P/E.

[cybertron8]

cool...so whats the fix for the options problem?

[barsolid]

Cyber, steady buying pressure so that they lose money.  Break above 2.25 and improved performance by the company, otherwise there is no buying pressure to make these guys pay up when they beat the stock down. 

[Cool_Scirocco]

Don't know for sure, cybertron, but I generally agree with what Bar said. I sent an email to LLEN's IR department, telling them that they are being controlled by options traders, and that if they are going to release significant news, they should do it as close to options expiration day as possible.   I also said that instead of releasing the 3Q report on Tuesday, they should have