There are 437 and 305 puts traded currentlyat the bust January Front month, at the $7 and $9 strikes. Other than that, well, pretty slow day, compared with what we were seeing late last month. I'll check the change in the Open Interest tomorrow morning.
Why wouldn't there be a massive closing of positions? Is there more bad news coming?
someone sold a ton of 8 dollar Jan 2015 puts.....a big nice safer way to place the stock and get the income. This is not a hedge for a long protection but yet another way to bet that the stock prices climbs higher in the future and premium decays. hopefully getting close to a bottom soon. One highly manipulated stock.