The 1230.00 PCLN weekly calls reached a high of $1.70. But why?

Keep an eye on the 1230.00 PCLN calls that expire June05. My educated guess tells me that tomorrow (Thursday) the high of the day will be 100/150%+ above the going bid/ask. They closed at $0.45 today but will hit $2.00+ if PCLN trades flat or up a modest $5.00 or so.

If I'm wrong on the 1230 strike then maybe it will be the 1220. It appears that only 1 lot trades at this inflated price.

:)
 
Now that you told us, everybody will leave an offer for $1.95.;)

With it's gamma profile, I might go to town and sell that at .45.
 
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OTM-Options said:
Keep an eye on the 1230.00 PCLN calls that expire June05. My educated guess tells me that tomorrow (Thursday) the high of the day will be 100/150%+ above the going bid/ask. They closed at $0.45 today but will hit $2.00+ if PCLN trades flat or up a modest $5.00 or so.

If I'm wrong on the 1230 strike then maybe it will be the 1220. It appears that only 1 lot trades at this inflated price.
More...





WTF ..... The PCLN June05 1220.00 calls hit a high of $2.43. IMO ..... the high should be in the $0.60 range, PCLN peaked at only +$4.00 over yesterdays close.


pcln_zpsd5sxlttm.png


PLCN 1-day chart to 11:30AM and PCLN 1220 June05 Call quotes for today.




:)
 
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