I have been thinking some about the put option volume. It appears that whoever bought the puts either closed out their position for a hefty gain or exercised the puts to be short the stock. I am betting on the former.
It would also mean that whoever sold the puts to the option buyers(most likely market makers or mutual funds) will cover their short positions they initiated for hedging purposes.THis would imply buying stock.
THis is a bullish sign .. in my opinion. Lets see what happens.
oh yea AMLN was a big winner for me that stock had a great run. I just wish i bought more of it. I bought in at $19 and sold at $33. Nice in like two weeks. That stock just took off. Now its too hot for me
I don't have a clue maybe a balance of a hedge maybe involving another stock such as yahoo... i trade deep in the money calls and puts to pick up a dollar for dollar move and want loose as much if it moves against me....here u need a seller and a buyer of all those putts cann't believe that some one is about to make a move here...one side would have to be a dummy don't think so...light trading today in after hrs and traded down nothing is up here.....if there was a buyer going to hit in the next 2 days some one would have picked up on that activity and made amove todau after hrs
I have no forecast. I am still long, but much less that I was. I think the stock has gone down way too much for the news but there is still momentum and there are hearings tomorrow. It should turn arround soon but may or may not by tomorrow. The put issue is just to hard to figure out.
u prove my point well megasan. u fricken' idiot. u should not touch cc option. u no understand cc option and how game played. me suggest you stick to weekend trips to vegas to yank the slot machines or some part of u anatomy.
I agree that an arranged deal is a logical explanation for these trades, and I also reiterate that I can't think of any other one. They don't compute as delta-neutral spreads with the mm safe in the middle or as one-sided trades vs the mm (who would never take such humongous naked exposure period).