Read somewhere that somebody bought the Feb 45-40 put spread 1500 times for $1.55 a couple weeks ago. Made somebodies list of notable options trades. Stock has cratered since.
News is that CREE beat earnings with better LED demand. Cree up 14% after hours
no news, maybe a panicked short. closed above November 1 high of 31.87.
Seems like it could close the gap down from Sep 21 (34.96)