been following all day to see where the bets are being placed. just saw someone purchased 757 put option contracts (75,700 shares) @ $1.00 strike, December 2014 expiration for $0.60/share. That's a big bet against NIHD. Hopefully they picked the wrong side of the fence...
Not one option has traded today
on the Aug 16th options... You posted
the Dec 14 options reinforcing the Long's
that a bankruptcy isn't happening and people
believe NIHD has 4 more months to find a suitor...z4
I did post the December 2014 - did you read my post (up to 977 contracts traded today)?
As for the August 2014 contracts, the following has been traded:
5 call contracts with a $0.50 strike
123 put contracts with a $0.50 strike.
You can't look at August 14 in isolation - you have to look at the whole picture. I am LONG, but this makes me nervous that all major bets are being put options and we aren't seeing any big calls bought or even straddles.