People must believe this is going over 90 by expiration this month.
I think they are buying back the calls they sold on the pop a couple weeks back on the buyout rumor.
remember someone is willing to sell those and think it isnt gettin there. options are a 0 sum game. someone could be selling those and thinking easy $$$$$$$$$
Point to Chez: You have to have a buyer willing to pay up $1.4+ per contract and there are 1200 contracts bought / sold today !!!A seller absent a buyer would have trouble unloading 1200 contracts at that price. think about it.
crazy market. what time do they announce earnings?because they were off so much last time, i thought they adjusted for this time - - ideas, thoughts?
That is a lot of $$$ for those option contracts.... somebody knows something. Why we are trading negative adds to the mystery.
After close today. I think that if the beat, we could see 80-90, esp. after the miss last quarter.
yet it is negative today...go figure!
I know! Makes no sense to me, yet nothing makes any sense in the market anymore.