Big boys gonna take every penny or ortigia put purchase
Notice the puts are being sold at the bid and the open interest is increasing.
Oritgia is the patsy for the tutes - guys like him doing no due diligence on the actual data coming and assuming an ASH fall paying HUGE premiums for puts - the tutes figured it out this yr - hit it, sell the puts to open to guys like Ortigia in the 60.xx area - then the bought calls and the shares heavy.
Webcasting of the analyst call Sunday first time ever is a very positive tell. Tutes keep every penny of ortigia and other panicked investors put premiums this yr.
Ortigia's investment strategy of panicking without doing any due diligence because of what happened a yr or more ago with completely different ASH data is not working. Paying the sucker inflated put premium - the institutions sucked those with weak hands into buying - was a big mistake. Those premiums will dissappear early next week. Poof