Look at the June and July calls around 5 and 7.50 - think someone does not know something???
Those calls are hedges by shorts and represent less than 100K shares total anyway.
Dear Mr. BardonowCan you pls clarify yr comments for me. I am but a self-educated man. Is $5 and $7.50 good or a bad thing?Kindest regardsUncle Han
i dont see it, jut 1100 contract for July. That's only 100k in stock behind that.I dont see much in the options market for SAPE.If you forsee a fall, sell the July 7.50's for ~$2.65. The spread is so large it will be tough to see a profit.