HI Bill; I don't know much about APM, she just popped on my radar
screen because of having such high short interest. I would have
taken july calls last week, but was out of dry powder in my
account I do options in. I have to do more work to see what
premium I would be willing to pay, I have not finnished sizing
this up. Just mentioned her as a "maybe" target for a option
call play. If the prem, is to high then I forget her.
I have not charted the prem yet, that is a must before I would
move. I like to find the options with a lot of open interest,
that were sold at much higher prems, the idea being to get in
under the price the vast majority paid. That combined with the
likly hood of to many shorts out and having to cover, gives
me a edge two ways. If I don't find what I want in the options
then I disregard ( take her off my radar screen )
Keep in mind when I first mentioned this I had a "maybe" attached
to it. Still goes. I've been looking ( buying ) some other stuff
last 3 days. GEGP, PLSS, AFWY, ROAD , while selling some MOOV,
and trying to play SPY, so haven't dug deep into into APM yet.
Jim
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