PUT Options expiring this week18 Jan 2022 14:54
I agree with Pokerchips.
PUT Options expire on Saturday so many shorts may want to close their positions by Friday considering THG is on line to hit consensus sales and only just miss on the profits, which is very good considering the difficult market conditions currently.
Last month and the month before, we saw significant buying pressure on the 3rd Friday of the month, which is the last day shorts can close their PUT options if they expire this month. Many shorts would have called this month as the expiry date, hoping the results today were really bad. However, actually, they are on consensus broker targets. With continued growth of 22-25% and improving margin forecast for 2022, there is only one way the THG share price will be going, and that is up.
GLA