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Groupon, Inc. Message Board

  • ceomagistri_says ceomagistri_says Jul 11, 2013 6:35 PM Flag

    Microfund manager mr. clever loaded up on puts...

    This GRPN is going SOUTH !!!

    Puts are flying off the shelves in Groupon Inc's (NASDAQ:GRPN) options pits today. So far, roughly 54,000 puts have been exchanged -- that's nearly seven times the intraday norm and almost six times the number of calls. Attracting notable attention is the near-the-money July 8.50 put, where almost 22,000 contracts, including a block of 13,500, have changed hands at a volume-weighted average price (VWAP) of $0.19. The lion's share of the contracts went off at the ask price, and volume exceeds current open interest levels, pointing to the initiation of long puts.

    Sentiment: Sell

5.22-0.10(-1.88%)11:40 AMEDT