that occur every day at 3 PM ET. This obviously is screwing with the arb bid which RCPT needs to prevent a melt down. I don't get it...anyone???????
Here is the deal on the options trade...seeing the same type of activity that was witnessed in SLXP prior to the second bid. The open interest on the Sept 240's has gone from 7 lots just prior to the bid to over 7k as of last night and it traded another 6k today so the open interest posted tomorrow will be very telling. If this goes to over 20k open interest by next week, you can count on a second bid. That is how it played out in SLXP.
No announcement in six months...what is this management doing
Next Black Swan...Greece banking failure and Euro zone going into a crash.
The huge after hours trade was directly related to the Russell rebalancing. If you check the after hours volume in stocks like BLUE and AGIO you will see the same pattern. This was not related to any take over buying.
Cramer said its time to step aside.