Well, I told you it was going to get worse. That why I buy options. Nonetheless I hope this keeps getting smoked, b/c I will buy a shit ton soon. From the press release, "We see this as an important first step towards mitigating the damage done to Silvercorp's reputation," commented Dr. Rui Feng, Silvercorp's Chief Executive Officer. "We are cooperating fully with the BCSC and other regulatory and law enforcement agencies so that truth can be restored, Silvercorp's reputation can be cleansed, and those involved in this manipulative scheme are held accountable."
This will take time. I am waiting this one out till the time is right. Dont underestimate the stupidity of sheep selling this now, dont be surprised if its get cut in half before this is all over. I remain a speculative trader till the time is right.
That being said there is a fairly large call volume on the Jan 21 $10 strike.