And The Oct $6.00 Puts. Very Heavy Volune. Somebody Must Be Placing A Bullish Bet By Selling The Puts.
It really does look like someone is cashing in on selling naked puts. I find the selling of the October 6 strike is very appealing. Can it really be over 6 by October? If so, this person is making a ton.
There are two sides to any trade and right now the put buyer is ahead. The October 6 puts were bought for $1.45. The bid/ask for them is now $1.55/$1.70.
Option Monster (Dr J.) Has Been Reporting On This For A Week Now. We Will See What Happens.