But does not seem justified. The company announced a 60% workforce reduction so save costs. Read the article and see what you think. This explains the sudden selloff in this stock today as insiders in the know sold. But I don't see this as that negative...
Unfortunately, it's not clear if the puts were sold or purchased. If purchased, then you would have thought it would have been at the $9 strike or lower. So you would guess it was a sell. But then selling puts at $10 obligates the seller to buy under $10. Add this to the over 330K shares they also bought and that appears to be one hell of a bullish bet. I don't see any hedge strategy here at all, unless I'm missing something!?
I thought it would be interesting to see how that Options Monster bet has done since the article came out on Monday. Correct me if I'm wrong but here is how that transaction is doing as of today: $462650 options gain vs -356720 stock value loss = +105930 profit
This is why the Chinese are the biggest supporters of solar and other clean tech energy. Solar is the future and has a long way to go. Gtat is well positioned.
100% Agree. I'm shocked GTAT is not rallying on that news. Apparently, wall street is not so good at chess.
AMBS better get a move on before the world passes it by.............
My my my, it appears you're more of a genius than I. To be able to read so much of my meaning into so little that I wrote. LymPro in not on the market is it? I'll restate the comment: AMBS better get a move on before the world passes it by.
If the March 2014 $4 strike puts were bought or sold today, then we could calculate the how much money was exchanged. But since we are talking about the open interest, there is no way to determine that and no reason to try. Remember, Open Interest is the sum of transactions at that strike. It happens over the life of the option. Not to say Open Interest is irrelevant, in this case, this is nothing to be even talking about..
You panicked someone. Look at AH trades. Someone dumped 6,700 shares at a low price of $7.51.
What you suggest is Not a bad idea. And I agree, I would rather miss the shorter ride up than the longer ride down. However, there are exceptions. This "may" be one of them. We have the luxury of good news pour in from Chinese solar makers, SPWR earnings, and they all suggest GTAT will have good earnings. However, this stock has run high and hard and will get pounded on bad news. You have to weigh everything then lean the way which appears most likely. ps. I'm staying in.
Solar stocks should remain hot.
I bought 2 days ago when it made the big move up, thinking it was breaking out. I could see it going down today if it was going X dividend and the dividend payout was .53 per share, but that's not the case. Totally confused here.....