Very interesting....There is no volume in May, June or Aug calls or puts in any strike before May 1st...except that on march 29, there were over 5000 contracts of Aug 50 puts were traded, just out of the blue.
so, he ia about a milllion shares short... thats it??? all this fuss over a million shares. $3bn knocked off in market cap so he can make $30m?? what a joke. wall st kills the small guy and his 401k again
Please take a look here on Yahoo Finance on TODAY's option buying ! The May Expiration 50s and 52.50 Calls(expiring Friday) traded FOUR times as much as the Puts !
That is significant considering they expire in just
THREE DAYS !!!!
I think that under the circumstances the owner of those contracts should be required to explain his reason for buying them to the SEC. if it wasnt a hedge or anything, but a naked buy of puts way out of money, then yeah it stinks pretty strongly.
But anyway, if they were in anticipation of Einhorn's questions, and it was conspiracy, the trade could possibly be partly or mostly over and they may not expect much more downside. Nothing Einhorn said so far has any oomph whatsoever. He would have to uncover something completly else, like bad accounting, fraud etc. If HLF has it's nose clean then PPS will recover at least a third of its drop.
Probably much more during a squeeze. But if he has so real dirt on them then we longs are screwed. We shall see.
The stock price at that time was 69. Now why would you want to go that far out and buy 50 strike puts in boatload unless either you know something or if are building a short case, if u r Einhorn....