Re: New options
in response to
by
posted on
Sep 21, 2021 11:05AM
Have to ask a question about your comment, Pavel. Unless I am way wrong on this, the longest time interval for Options in the U.S., at least, is 15 months or there abouts and that would be limited to LEAPS Options bought around the first of the year in January. At any rate, I don't see that trading Options here in the U.S., at least, would be possible in regard to any Expiration date in 2024.
I admit that I haven't kept up with Option trading. Jimmyll is much more knowledgeable about Option trading than I am, so I am hoping Jimmyll will wade in on the 2024 Option thing. Jimmyll, your opinion?
I Bought to Close a bunch of November 19 $30 Covered Calls yesterday to take advantage of yesterday's dip in Share Price. I still have some $25 and some $30 Covered Calls that I sold previously for a little small "Premium", but those that remain I am going to leave out on the open market with the hope that the $25 Covered Calls are called away and that I take a Profit on the $25 Calls. I am a little ambivilant about the $30 Covered Calls remaining. I am a little more optimistic that others here about the chance of the $30 Covered Calls being called out before 19 November, but if they are not then I suspect I will be able to get something North of $30 for them in the event that the DFS is announced and/or the announcement of a specific finance partner for Thacker Pass is announced as events prior to the Feb/March (?) when the Du is to cover the leaves on the Lilly. Either one of thes events would be a Sentinel Event regarding Share Price in my estimation and either one is a potential event within a time frame for 2021, much less before the Lilly has Du upon it.
Other possibilities as far as major milestones must include a significant and sharp increase in Lithium Carbonate and/or Lithium Hydroxide price along with an unanticipated sharp and significant increase in the shortage of lithium availability on the world market. Any major breakthrough in lithium battery technology could also act as a catalyst for a major uptick in the Share Price of LAC. Bottom line is that I don't believe we are condemned to sometime in mid 2022 to see LAC hit the $25 a Share mark or the $30 a Share mark. I think it is quite possible to hit one or even both before the end of this year.
Contrary to that optimism about the possibility of a higher Share price is some negativism in regard to the movement committed to blocking the development of Thacker Pass. I know that they would love to turn their circus into a major social event for Tree Huggers everywhere and have it act as a flame for all of the Hollywood Moths and other associated Riff Raff to intermingle for photo ops with those ranchers, farmers and Native Americans who genuinely have concerns and issues with the development of Thacker Pass. The more Chaff that mixes with the Wheat in that scenario the greater will be the "Media Coverage" by the semi-educated "J" boys and girls and the greater will be the possibility of creating Keystone XL Pipeline II, the movie. Once the Hollywood Riff Raff get turned on by the possibility of some Prime Time Evening News exposure of their collective countenances on the Alphabet News and on CNN and MSNBC there is no way that they have the willpower to resist such a visual and auditory verification of their own self importance as a participant in "The Cause" of "Environmental Activism" as they sally forth on TV to Joust against the Windmill of LAC. Hi Ho Riff Raff Away!! I hope I am wrong and that we do not see a convention and congregation of the Riff Raff at Thacker Pass and that the only Big Name attendees are the wannabees of Max, Will and the DGR. TIme will tell.
Okiedo