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Walter Energy, Inc. Common Stoc Message Board

  • picker.bottom picker.bottom Jul 1, 2013 6:10 PM Flag

    Today's LARGE options trade..

    For option trading beginners...

    The strategy is called "Risk Reversal" where you sell an outside the money put to finance (Full or partial) purchase of upside calls. Typically, done to mitigate risk, reduce cost & when volatility is pumped up.

    The bet suggests that WLT will not fall below $8 and more importantly will move (Significantly higher) above $12.65 or so by August expiry.

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