Cardinal Energy Ltd (Alberta) T.CJ

Options

[WindsorGuy]

August 5th call options tading $7.25. GLTA

[ahkow42]

This post has been removed in accordance with Community Policy

[JayBanks]

I don't understand what your trying to say here... There are no August 5th options for 2023 or 2024... Aug 5th is a Saturday... I think you mean August 4th... Even with that understanding I dunno what "tading" is or means... do you mean 'trading'? If so of course they are trading, why wouldn't they be trading? I still don't understand what information your

[WindsorGuy]

If you look @ call options thre are severaal holders of call options especially on August all well above $7.00 i.e 596 lots @$7.31. 

[masfortuna]

So what.  You really think that the market will tank because of call option holders in CJ so they can be  out of the money? CJ is a tiny company. Nobody really follows it on Bay Street, nevermind the rest of the world. Oil is down today and oil stocks are down accordingly. There is no conspiracy or manipulation.

[JayBanks]

So, you've pointed out an observation without giving context to why you've done so nor made thesis to convey based on this information... Your as clear as mud here. I just see these call options as earnings/oil price portfolio protections and bets, nothing out of the ordinary at any other time. I've been playing the Puts on a few names (CJ, CNR, ARE) lately taking advantage of