Something extremely unusual is going on. Take a look at Feb 12 expiration put options activity all of them were trading in red since morning suddenly now all of them are in green. Feb 12 expiration strike price 25 put options volume is siddenly spiked to 4090. what is going on?
doesn't look like a big deal to me. it's impossible to know if the positions were closed by buying them back or by selling them. all we can know is that the person(s) didn't want the puts anymore and closed them out.
It's a very big deal take a look at open int today they increased by more than 4000 meaning someone opened up new short position hoping that till Feb 12 options e xpiration the stock price will be less than 25 also yesterday Mar 12 expiration Put options at strike price 30 is huge activity why would anyone do such a thing? Unless they know something
Something huge is definitely is going on. I was watching the Feb. 12 Put options' activity. Since morning they were in red, all of a sudden from 01:00 PM EST, they started coming in green and that too with huge premium and huge volume. My guess is someone knows something bad.