Elena Nikulina

Andy Constan: Long call option decaying in speculative market

Andy Constan: Long call option decaying in speculative market
Long call option declines in speculation

Andy Constan, founder / strategist at Damped Spring Macro, observes a significant decline in value from the mid 70s to 57 and describes the current situation as a long call option on highly speculative trading activity.

Constan notes that while he does not pass judgment on such speculation, the instrument he discusses is rapidly losing value, with a $40 bid in the market.

Constan previously observed ORCL shares falling 58 percent following a shift in the company’s compute capacity strategy, as noted in an earlier report. He has also commented on remarks made by the ONDS CEO, describing the executive as incompetent in a separate update available here. These prior observations highlight Constan’s close tracking of executive commentary and notable price moves.

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