PLEASE NOTE: Very large March $15 put option contracts traded today?????
I can not tell as of now if they bought or sold those contracts making it a very bearish or very bullish bet. however, whatever the bet is they are expecting it to happen soon as those options expire in only 14 days so they were sure not buying time. If they sold those puts they expect $15+ in 2 weeks. IF they bought those puts they expect $10 in 2 weeks. One way or the other it appears yes a huge move is on its way soon. UP or DOWN is the question while I still try to figure out if those were bought or sold.
almost 6k $15 march put contracts on a Friday fishy sounds like Monday good or bad is the NEWS day that was a huge bet made for only a 2 week time period. Merger Monday? LBO Monday? REIT Monday? TERRIBLE NEWS MONDAY? GREAT NEWS MONDAY?
What possible bad news could be coming? They just had earnings and wrote down a billion bucks.... I would say the bad news is already out and they had a nice pull back from the highs of $13.60 down to $11.90. I would say the bad news it out. We know Coati is underway, we know vegas boring and not growing revenues, we know online gaming is in progress but won't be up and running until next year in reality.