Parallel Petroleum Corp (NASDAQ:PLLL) Increasing Volatility, Bound to Explode?

Parallel Petroleum Corp (PLLL) looks like a good place to take short term objective on puts and calls, combined strategy with volatility affecting premiums in mind, a good options synthetic position can result in overall premium gain while still incurring no profit or loss from PLLL’s underlying direction.

Technically PLLL at $3.14 looks a bit bullish to neutral but volatility breakout is almost bound to take place. They say ‘chance favors the prepared minded’ it’s very true in trading strategies involving options.