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Opportunities Presented by Options on $30.00 Stocks.

Let's start with this chart. It's Pfizer. Would you have expected a pop like this, this morning? Now look at what the Call options did. I don't want to get into a discussion of "Can you read charts" however after one nice rally yesterday and second follow up rally could be expected. The 29.50 series of Calls doubled on a strong opening this morning. "Out-of-the-money" Calls on stocks in the thirty dollar price range call sometimes suprise.
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Odd Burger... Symbol "Odd.V"

A London Ontario, Canada company. A dollar a share listed on the Vancouver stock exchange. Low daily trading volumes. A vegan fast food chain with plans to open 20 restaurants in the next year. Visit their website and check out their menu, or better yet try it out. Go to Sedar.com and read the 'management discussion analysis" for the nine months ending June 30th. 2021. My notes. Lost $3.5 million in the last nine months (a huge amount of money), revenue $257,401 for the quarter, spent in excess of $2.5 million in listing expenses and $422,954 in professional fees (I have heard of other companies exiting the Vancouver Market to go off to the Nasdaq). To be in business now costs big numbers, wages $391,835 for the most recent quarter verus $6,569 for the quarter before it. How could that be? Investors can't be happy with the irregularites with these kind of numbers. This is a start up company. What a scramble. Might they be overly optimistic in their rollout plans because of Covid? A hundred different questions need to be answered. Will there be a line up of new customers at their front doors twelve hours a day trying to discover what they have to offer? That's what is needed to be successful. So much to consider. Such a limited operationing history and so much money flying out the door in organizational costs. Can these monies be recouped and were these monies spent prudently? What a gamble in trying to go public so early in the game. What is the short position in this stock?
Do your own homework. Walk away if some of the red flags I just mentioned bother you. The end.
***AN APRIL 14TH UPDATE. Here is a now current chart and now current news. It's not good.
This kind of a private placement is something I would call "double dipping". It's not what I like to see.

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