An agressive bet on killing $5 put options
I would rather to bet agressively on the actions to kill 4000 plus put contracts when the expiration date is around the corner even though there is still $1 premium in the money. But given the shrinkage of 40 cents today alone, it is not impossible with still several days left. the SP is touching upon $5 so that the writer not only kill those 8000 plus call contracts, but also wipe out the intrinsic values of those 4000 plus put contracts!!!! Let's hope this kind of swing logic come true:)
Sentiment: Hold