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5/25 VHC Options Look-See // Happy Memorial Day Weekend! (Everyone Left Town Already) With the unofficial start to summer happening this weekend, it's always a joyful optimistic time for families to head out on the open road ... Until bliss turns into hell from unrestrained, unconstrained, unruly kids and teens. My hope is that you all experience the former and not the latter. What does that have to do with VHC? Well, for one, it appears that VHC investors have hit the road as activity dried up as compared to earlier in the week. While the pps remained ensconced at $3.65, share volume sagged to 129K, and option volume drooped to 279 contracts (245C, 34P). Fully 62% of today's trades occurred in the Jun Call 5 series (175). IV came in at 128%, in line with our new 'normal' of +/- 130%. Bullish Trading 1) 140 Jun Call 5's bought for $0.15 ($2100) Hedged Trading 2) 10 Jan 2019 Call 4's sold for $1.50 ($1500) 3) 5 Jun Call 1's sold for $2.60 ($1300) 4) 15 Jun Call 3's sold for $0.75 ($1125) We have now had 3 straight days of trading above $3.50 as the 50-day simple moving average (50SMA) of $2.80 crossed above the 200-day simple moving average (200SMA) of $2.78. Whether this garners any additional eyes on VHC shall be seen next week. Wishing you all a great weekend. Cheers. |
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