Too bad he couldn't find that 81-page opinion that you swore was leaked to you back in February. What a card you are, lol.
Good riddance, though we all know you'll be back. You're like Herpes in that regard. :)
Yeah, I can see every trade (Time and Sales). The b/a was $ .65/.70 and they went off at $.60. A few minutes later, a few went for $.65. There WAS one trade of 70 contracts at $.66 at 9:52AM, but that's all I see at that price. The b/a was still $.65/70 when it went off, fwiw. Peak price so far has been $.78, just after 1PM.
It was all one trade - buyer and seller were the same. The trade took place at 9:45:55AM.
Since the OI on the Jan 6s was zero yesterday, that buy was most certainly a buy to open. I'd expect the OI on those to show an increase of 10K tomorrow.
Of course, those who know options might counter that this might be a hybrid type of calendar spread, with both sides of the trade being "to open." While that's technically true, the ridiculously wide time spread (Jun to Jan) makes that highly unlikely. Calendar spreads are typically 1-3 months wide, not 7 months wide.
Not sure what you're looking at, but the Jun 5s were sold for $.05 less than the bid at the time (sold for $.60, when the bid was $.65). The ones purchased were the Jan 6s, and they went for $1.42 and $1.43 when the ask was $1.45).
It was a 10K contracts trade, swapping the June 5s for the Jan(2015) 6s.
You should see the OI on the Jun 5s about 10K less tomorrow.
As I predicted. On the day the (ATM) 11M share trade crossed, someone posited that it was a short covering, and I told them that on the contrary, I expected a nice spike up in the short interest on this report.
I also suggested that that trade was likely Cowen buying up the whole allotment for their own inventory (they make a market in the stock) and I'm still convinced that that's the case.
It's a prelude to a new plan being instituted. Look for the new option grant filings shortly.
Manipulation, of course. And let's not forget the evil shorts, and even the weather! Still plenty of mileage to be had from these old standbys.
Exactly. And that's why you were doubly marked down - for not applying the appropriately wild speculation and hype to your post. You clearly forgot just which stock's board you were posting to.
Don't let it happen again.
" GOLDMAN just added AVNR on there CONVICTION LIST ON BIOTECH stocks to BUY."
A complete, unmitigated lie. You have no regard for the truth, and it's shameful that nobody will call you out on this.
Ah, it wouldn't be an UP day without Harry slinging the BS, in advance of him and his team moving (selling) large amounts of inventory later today. Right Harry? How many will you dump today?
Actually, I think you will see a significant spike up in the short interest. Not on the next reports, since that one won't cover any post-ruling trades. But on the report after that, I expect a jump.
As for today's trade, you could be right. It could also be Cowen buying the entire allotment for its own inventory.
Then again, it could also be the big pharma partner making their first buy-in - right Jean??
Just after noon, 11M shares. Barely moved the tape, so that's clearly what it was.