No, they going to make millions...they bought the PUTs to scare people and let them thinks there is a bad news so some people sold their stock and some put stop orders and guess what they did? they bought all these stocks at very cheap price and now they going to ride it up making millions because they know good news on the way.
So don't feel sorry for them.
I did - in a way.
1986- Me and my grandpa who is a sportswriter,bet the pick 6 at Saratoga-Prize pool was 236 grand..We hit 5 races in a row.The 6th and final race of pick 6 our horse, a 13-1 shot won amazingly by 8 lengths!!We were ecstatic and jumping up and down at track like wild monkeys..
Less than 2 minutes later,our horse number is flashing on screen...
There was what is called an 'inquiry' in the race as another jockey accused our horse of flagrantly bumping hi horse which is not allowed.The judges looked at replay of race and 10 minutes later disqualified our horse and we lost the pick 6.
One of the worst days of my life!
Have to admit they're clever.
I think they did use *some* of the put calls bought yesterday.... am I wrong?
What about if they tried now to use the 7,6k calls option going through the loo by few hours?
7 strike + 0.22 call + expenses..... 7.5$?