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SIGA Technologies, Inc. Message Board

  • tla_usa tla_usa Jan 17, 2014 4:04 PM Flag

    OT: Some trader spent $32 million to buy put options on HLF

    On Jan. 9 at 2:50 p.m. ET, 25,000 of the January 2015 50-strike puts in Herbalife were bought for $7.25 each; at about the same time on Jan. 10, 20,000 more were purchased for slightly less.

    Buying a put option is profitable only if the stock price falls below the strike price of the put minus the money spent. In total, this trade costs over $32 million and represents a bet that Herbalife stock will fall below 42.75 by January 2015—a 50 percent decline from where the stock was trading.

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    • On Jan 9th someone spent $32 million to purchase put options on HLF.
      Today's news:

      Herbalife (HLF) shares sank as much as 15% in Wednesday trading after the nutritional supplements marketer said it is under Federal Trade Commission investigation.

      Shares were up $2.91 (4.5% opened 30 minutes later.) to $68.30 before trading was halted at about 1:15. Trading in Herbalife shares

      Interesting connection here.

      • 1 Reply to tla_usa
      • On Jan 9th someone spent $32 million to purchase put options on HLF.
        -------------
        Today's news: Apr 11, 2014 MARKETS
        Herbalife Shares Tumble Amid Report of Criminal Probe

        Herbalife Ltd. shares slumped sharply Friday following a report that the the U.S. Department of Justice and the Federal Bureau of Investigation are investigating the nutritional-supplement maker.
        Shares slumped 14% to $51.48 Friday on heavy trading volume.
        ------------------------------------------------------

        On March 12th Herbalife (HLF) shares sank as much as 15% in Wednesday trading after the nutritional supplements marketer said it is under Federal Trade Commission investigation. Trading halted for a bit.

        -----------
        Interesting connections.

 
SIGA
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