Somebody is betting big this misses earnings. Kind of scary being long now-like playing in traffic in the passing lane. Any thoughts or comments?Cheers,bigbear
I think this quarter has been historically low. A July-Aug correction down has been the norm so someone is betting the odds. Florist get busy again in Nov. Of course, a surprise is always possible.
I do not think it is necessarily a bearish bet, but rather part of an arbitrage. If someone were to make a bearish bet they would buy out of the money puts.