Well the Puts are safe and now how far is this expiration run going to take prices. Mentioned over the last week or so about the short covering event that will be coming to the market– we are witnessing the short covering in the March contract — how far does this take remaining contracts is anyone’s guess. Dipping into the summer contracts has started showing some returns.
Major Support: $2.00, $1.795-$1.766 Minor Support: $2.41- $2.34 Major Resistance $2.61, $2.657, $3.536, 3.595
