Max pain FWIW and with 4 trading days left is showing $35. I think that # is being skewed by the 11,000 puts and 15,000 calls that were traded during those reverse conversions. If you look at the actual options we can see 5000 calls at $35, 3000 calls at $34 and 4400 calls at $33. As always depending on who owns those calls I would think the MM's would want to grab as many as they can. Volume is low so they can easily manipulate vhc . We can re visit as we get closer to expiration this Friday.Just observation for the moment,
The trading should not be a surprise. All those option that were in the money just 2 days ago may soon be worthless. If vhc stays down just below $33 the MM's wipe out 12,000 calls. Even below $34 wipes out 8400 calls. Still 3 days left. I am a little surprised they started so early in the week but with this low volume they say the easy opportunity to bring vhc down.
Wineguy my thoughts on anything Apple does to look like they arent making as much money will be a futile exercise for judge Davis. If the show a full year revenue at $145 billion instead of $152 billion I dont believe HJD will show pity. Yes it means a little less to VHC but the revenues are the revenues. If they can show less Q4 revenue and save some small portion of a payment to VHC they will lose more then they save when their stock gets hit for lower earnings. True the stock price will come back as where the money given to VHC wont come back. I think the rev's are the rev's and not much Apple can do to manipulate....Carl HJD will not issue any judgement on new products. Remember that VHC filed a new suite to include all the new products,Mini IPad, I5 etc. Dont believe HJD will cloud the present suite. Judge Davis is dotting all his I's and T's so that he is covered when and if Apple files an Appeal. Like others I am not an attorney but thats the way I see it.