Looks like someone is playing a game here. Ties with the increased option puts. Betting it's goldman sacks going for a downgrade. They made a downgrade with ARun. Maybe vmw and ffiv next. Should be a law against this manipulation.
was up 3+ bucks this morn, why? todays rise probably a pump and dump, probably work below 100 by the end of the week, there's been no improvement in europe or china since last quarter, i cant see ffiv upgrading their outlook at earnings..
Your probably right. If the market bottoms and FFIV is in the range of 98-100 do you think it will recover in the 110-120 range at earnings. The fundamentals should support this with the current forecast even if they sandbag next quarter's outlook. As you are aware they like to sandbag. Have a good day.
Market makers bought the $100 Puts in anticipation of a volatile dip in FFIV's price. However, they also bought 128K shares at ~$47.3 - in one transaction. My take is FFIV will shake down to ~$102 this week and once Put profits are taken, it will fly past $115 next week - in anticipation of FFIV's earnings. The article I read is that the Puts were purchased in anticipation of FFIV's volatility which helps options traders. One thing's for certain, the next 20 days, leading up to FFIV's (10/24) earnings call should be a wild ride!