Aug. 15 at 2:22 PM
$BDTX Saw this same movie last month, and it was trading 50 cents above this. I'm still eyeing that pin to
$2.50 +- premiums, or maybe
$2+ premiums next week. Max pain shows
$2.00 but they expired .40 cents higher + premiums last month.
Don't forget, last month was a massive bull trap from
$3.15-
$3.43. Same evolution this week, except from 2.58 - 2.86. I have it closing below
$2.58, but whether it falls back to
$2.50 or below depends on how much they drive it down and can arbitrage options sold back to the seller. Exactly why I don't buy expensive options, ever.
Only sophisticated manipulators have enough bank to reel in a manipulation of expensive premiums. That usually means you are trading against a trap set up, and the price is a reflection of the manipulation, not the true trading volume or movement. That's why it's never a good idea to hedge with derivatives when there is high AH volume in dark pools. It's often a telltale sign of a total bait and rug pull.
