I've been watching the option activity on SNDK for quite awhile....It is a very sound company, imo, and the volatility sure creates interesting opportunities for option plays......
But, other then flipping a few calls for some quick and small profits, I havent done too much with it...have tried, but with the stock being all over the map, I never get any of my 'low balls' filled and I try to never chase anything..if it wont come to me, I wont chase...may not be smart as I have not chased alot of stocks/options, thinking they would come to me at my price, only to see them go straight to the moon with me missing out on huge profits...at the same time, other issues I didnt chase, went into free fall mode and I would keep lowering my price waiting for underlying stock to stabilize, but it kept dropping so I end up never doing anything, and in those cases, not chasing helped me avoid large losses...so, works both ways.......
But SNDK options should be great plays if you call it right....I am keeping a close eye on both calls and puts trying to figure out my next play....... |
