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Thoratec Corp. Message Board

  • professor4everyone professor4everyone Apr 8, 2010 9:07 AM Flag

    Unusual OPTION Trading Activity For THOR

    "NEW YORK (Market Intellisearch) -- THOR options saw interesting call activity today. A total of 30 put and 1,643 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.02. There were 54.77 calls traded for each put contract.

    Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying equity. A high Put/Call ratio suggests that the investor sentiment is bearish and that investors are expecting the underlying stock price to decrease. Conversely, a low Put/Call ratio implies that the investor sentiment is bullish and that investors are expecting the underlying stock price to increase. Thus, unusual volume provides reliable clues that the stock is expected to make a move.

    http://www.marketintellisearch.com/articles/1008524.html

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    • 1- Yes there's a convertible, but I've never seen a 10 MILLION SHORT position in THOR before (look in the SEC section if you need to see the terms.)

      2- The key point is, over 20-contiguous trading-days, the SHORTs averaged 150,000 shares per day. During that time, THOR gained about a half point to about $28.7.

      3- During those twenty trading days an ADDITIONAL 3 MILLION shares were SHORTED. This started in February. I don't think it was JOE THE PLUMBER buying into the SHORTING.

      4- The other point is, a SHORT SQUEEZE can develop with NO CHANGE in the SHORT position. What happens is, there are the OLD-SHORTs covering at LOWER prices, driving the stock up to higher prices where NEW SHORTS replace them.

      5- This scenario can be repeated all the way up.

    • I see only 907 April 35 Calls in all possible calls expirations. It appears someone one could be trying to get some hedge against a short, but earnings is not until early May. So I don't know what to make of that. I see today only 2 May 35 calls have traded. Those would make more sense if a short wanted some price insurance into earnings.

 
THOR
26.73-0.68(-2.46%)Sep 30 4:00 PMEDT

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