you are viewing a single comment's thread.
They are the Jan 20-2012 - $10 strike puts. Still has a .06 bid for 190 contracts.I just dont see RIG @ $10.00 or less in a year.
Some one might have sold that put way back, when RIG maybe looked like it might tank (don't know) and now may want to close out his position taking 6 cents just to get out.
Thats possible, looks like a good short to me.
Forgot this. It is not that anyone sees RIG at $10, but almost every option has some price attached to it just in case someone wants to buy.