Thu, May 23, 2013, 2:00 PM EDT - U.S. Markets close in 2 hrs.
Big option action on the January 6 calss must have prompted it.
What about the big short position on the Jan 8 puts??? 11K contracts. Don't get me wrong I am long the stock but the 11K on the put side puts a bit of a lid on this.
SAC hedge fund had a huge call position that expired, perhaps they were rolling into jan from dec.
i would note that FST just filed an updated mgt severance package, this would come into play if FST was acquired and mgt all got laid off.
i doubt SAC would just buy a ton of short term calls without having a view that there could be a takeout.
FST looks like a good long here