This was Shotrs big trade method to make all their money back on 10 Calls,, LMAO didn't get a Dime,, Wouldn't surprise me if this was an insider group to punish shorts once and for all.. FYI, Ameritrade owns millions of shares short, non of their clents are allowed to short Ths stock. Today's big drop was a 500k short sale with back up. pushed the stock belowv$10 and held it like a clam shell.
Sentiment: Strong Buy
The Man: "Hmm ... lets see boys ... how do we keep the premium on those 20,000 $10 calls we sold, cash in on the $10 puts we bought up without pushing down the premium value on the $9.50 calls we bought while at the same time securing the premium we were paid on the $9.50 puts we sold????
Well boys? Where's the ideal PPS at close? Johnson, what do you think, speak up!?"
Johnson: "umm, sir ... ummm, well ... "
The Man: "Out with it you heathen!"
Johnson: "Umm, sir, well according to the options profit maximization matrix ... $9.75 is the ideal closing price on Jan 18th 2013 for Arena for our short condor."
The Man: "Johnson, you must have Downs Syndrome, get outta my office!!"
The Man: "Jim, its Ariel, no, no I can't I have synagogue tonight but thanks ... oh, as I was saying; BLUE HORSESHOE LIKES THE ARNA $10 calls."
DING DING DING!!
give that man a ceeegar folks!
that is exactly right, the HF's just gave you an opportunity to buy shares at a discount.
I think it will get down into the 8.50 area myself, but buying and adding as we go.
this is just the beginning folks!
STOP GAMBLING ON OPTIONS!!
I seriously wonder why these skkumbags aren't found in MASSIVE, MASSIVE PILES OF DEAD BODIES on a regular basis!
Seriously, anybody know why "WE" cater to the very people destroying us?
Does anybody know "WHY"?