Clearly, someone believe that Sprint is in for a fall and maybe they know something about the upcoming earnings announcement that we don't. With over $1.2 million in Put Options at $2.00 in Aug, someone's hedging or betting on a fall in Sprint below $2.00.
If this happens, it could finally be the end of the Board, Hesse, and all the re-tread/inside protected management that are running Sprint into the ground.
Did you look at the Open Int today on the Aug $2.00 Puts?
The 38,000+ was added to the 2,000+ and now reads 40,000+.
Like I said, yesterday's Open Interest had no barring on yesterday's Option trade.
Yesterday's option trade could have been bullish if someone was hedging a new long position or it could have been bearish if someone was just buying a new $2.00 Put Option expecting S to drop below $1.67.
So all you pumpers and bashers of Sprint who want to claim this as Bullish or Bearish don't have all the information to make that determination.
First, I wasn't say you knew nothing. That was directed to the other guy. Second, I posted an answer to your question under the original topic. You are correct. It is bullish, as a bearish position is being closed.