Quote Originally Posted by MAC View Post
I think they'll get there too. I've been following the CRPOB (70c options) market also, this week the sellers have totally gone and the stack is clear, but until recently you could pick up these options (post marine consent expiry) for 3c, another way of balancing the binary nature of the risk.
I do not think that the sellers going means anything. Have you seen how many of these options there are? Only 2.2 million in total. Total capitalization at $111,000. Just very illiquid so any price movement in these options is not at all meaningful.