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Universal Display Corp. Message Board

  • andystj andystj Apr 9, 2013 2:12 PM Flag

    900 April 32, 33, 34 Contracts purchased at the Ask

    Weird looking transactions to me. It looks like all aggressive long bets with the execution at the ask. I don't see any corresponding selling or put action to make it look hedged. Straight up aggressive buying as far as I can see.

    I guess it could be expensive protection for a short position, but I really don't understand the trade unless someone is making an random long-side gamble with a spare $50K or so. With such little time to expiration it seems pretty odd to me.

    Any theories?

    I'm supportive of the bet, and I hope it pays off big. I simply don't understand it.

    Chessboard,
    Andy

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