Stockbull, et.al.: You know....if you've followed this stock for any length of time then you understand its underlying volatility. So the past 4 days have been rather curious in that regard.
Typically, when TKLC is being volatile, it'll drop by some amount, and then proceed to move back up to the high end, then back down a bit. In essence, it moves around. Yet these past 4 trading sessions has basically seen it get yanked down first thing in the morning, then after a pause it gets yanked down again, and then it lays there for the rest of the day. This in the face of a great earnings release. Now juxtapose this against the $40 & $45 open call positions.
Is it any wonder that TKLC today has "plopped" to ~$39 and is now just laying there? Call me paranoid, but it's as if the market powers that be have decided they want both sets of options to expire worthless. The proof of my hypothesis, of course, will be if TKLC rebounds nicely next week.
WHAT a surprise THAT will be, eh? ;-)
John~ |
