loaded up on a flyer on these 2 cent puts, see if they can go out at 10-20 cents on the close for a home run. Looking for this guy to dump a couple of million into the close before earnings. Its a cheap shot at a total cleanup as those 22 puts for next week have doubled in 24 hours
Who knows, it has been stronger today than late though. Just depends on this seller and how much more he has left to dump before earnings. I would say your odds are 50/50, LOL. Maybe 60/40 since since I have seen more actual bids today than any time in this downtrend. I would say they could be shorts covering before earnings, but the short interest is too small to make a difference. I think it may be new buyers stepping in to take a gamble on earnings. We will see if they are traders or institutions on monday. Mondays trading will tell us a lot about the makeup of the float and thus how aggressive to be with hedging or removing hedges to take advantage of a move off a firmer bottom.