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VMware, Inc. Message Board

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  • tienxia0 tienxia0 Oct 9, 2012 10:03 AM Flag

    Anybody know why is VMW down today?

    This was from yesterday, so today's drop doesn't make sense:

    ____________________________

    October 8, 2012
    07:47 EDT VMW VMware may have closed a number of large deals, says JMP Securities
    JMP Securities believes that VMware may have closed a number of million dollar deals and obtained several significant federal contracts in Q3. The firm maintains a $125 target and Outperform rating on the stock.

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    • This is just a gun for stop-loss orders. Someone SOLD (yes, SOLD) a lot of $90 Put contracts, which is a bullish sign.

      There was a block of 1,426 Oct $90 Puts sold at 7:10 a.m. at $1.65 when the bid/ask was $1.65-$1.75 -- which means it was a sell. Before that there was a flurry of smaller SELLS of the $90 Strike Put contracts.

      Normally a trader sells puts when:

      a) They are taking profits on an EXISTING Put position, meaning they got the downside they wanted and they don't think it's going lower, or,

      b) They are initiating a position being short the puts because they don't mind having the STOCK "put" to them when they're bullish and think the stock will be higher and they'll be able to buy back their puts at a lower price and profit on the puts.

 
VMW
77.10+0.910(+1.19%)Jan 30 4:04 PMEST

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