Sun, May 19, 2013, 2:27 AM EDT - U.S. Markets closed
If is very hard to figure out who is the writer/holder and what the motivation is. 16,000 DEC $21 PUT options traded at $0.72 = $1,152,000.32,000 DEC $18 PUT options traded at $0.23 = $736,000.Difference = $416,000.The break even point for this would be $19.83 (using intrinsic value) if held to expiration if the article analysis is correct. It would be a bet on a sub-$20 close in Dec.Could it also be insurance where they plan on holding the position through next Tuesday and the selling the $21 puts (if good earnings) and letting the $18 expire and pocket the $736k.
just a bet.one persons idea.why concern anybody but him.bigger bankbook bigger bet.casino he at 500 min table,i am at 5 dollar table.
Everyone likes to gamble!!!!!!!!!