sorry michelin to disappoint you. For a few sec I wondered where you were getting ur options data from ... and then I realized u were posting the option data available on yahoo finance. Unfortunately, option data available on yahoo are simply wrong.
you did not see the put options expiring ipon june 21 ... with strike price 0.50usd. On friday more than 3000 contracts were purchased.
the december call volume did not occour on friday. If no volume yahoo finance just reports the volume of the last day when the contract had any volume.
The point is: you are looking at unrealiable data. The info previously
posted on this board are correct.
my advice to you is to use some better service to look at options activity.
livevol is a good website. then of course you also have bloomberg.
bests and good luck if u r still long
You will know the answer to this ... first thing on monday.
If the company comes out with a PR reassuring investors, denying BK rumors and saying everything is running as usual (liquidity under control and Production as expected) ... ... then ... all this was probably just a short sellers attack.
On the other hand, if the company remains quite ... you have the proof that they are going to file for BK. In this case, they are not able to publicly comment (hence, no PR on monday).
So, as said ... everything comes down to what the company will do Monday Morning before Markets Open.
--- --- END 12% June 2018 unsecured 150m bond now yielding 32.44%
Yield was END 5.50% January 2016 135m unsecured bond now yielding 34.97%
Yield was Today 9000 Puts contracts were bought at ASK. Strike $1.50 $1.00 $0.50.
--- --- END Price per share has lost 38% this Week.
---- ---- ---- ---- Price per share Collapse + Bond Pricesa Collapse + Put Options buying Activity ... these 3 factors moving together, in the same direction ... ... confirm that it is not someone liquidating a Long Stock Position.
---- ---- ---- ---- Everything is pointing to an imminent BK announcement by the Company.(in the next 15 days).
If the Company does not Issue a PR first thing on Monday --- --- We all will know ... END is preparing for BK ... .(and for that reason they can not comment on PPS activity).
SURE ... the only problem is ... that your statement is not backed up by facts! ...
No-one spend 500k ON 3.50 OPTIONS ... well well ... today this did only happen on put options with strike
Well, Market is saying END will be below 0.50 by Friday 21, 2014.
To go below 0.50 that fast ... you need to think END is announcing BK between now and then.
Transeiersuell ... should have welcomed Kalisman on the board! ... What a mis-managed company.
It's not about the S-3 ...it's about BK filing. Probably going to be filed in the next 15 days.
The S-8 was just a formality to the file for BK.
Probably some Burocracy needed before being ALLOWED to file for BK. Investors are betting on a BK before June 21, 2014.
Simply because they are getting ready to File for BK! ... unfortunately that's what is going on IMO. ... otw the company should have already commented on the Price Activity!
Next PR will be about BK! ...
This behaviour is pointing to an imminent BK announcement! ...
Email the Company and ask them about the June 11 2014 PRESENTATION! ... they will confirm it to you! ...
Айрат Халиков , аналитик ИК "Велес Капитал".
Все больше факторов указывают на приближающуюся смену основного акционера "Мечела". Ранее мы неоднократно писали о том, что высокий уровень долга грозит компании потерей активов, в случае если банки решат объединиться против компании. Заявление зампреда правительства РФ Аркадия Дворковича о том, что правительство не будет вмешиваться в переговоры банков и "Мечела", которые могут привести к смене главного акционера компании, лишь подтверждают наши опасения.
Мы полагаем, что это заявление является сигналом для основных держателей долга компании (российских госбанков) приступить к борьбе за контроль на "Мечелом". Для держателей акций это может грозить принудительным выкупом акций "Мечела"
Govt was expected to meet this week ... to decide on MTL state loan guarantee request.
pippi pippi ... arbitrage trading is probably on the 3rd week of this term. So ... attend your classes ... and ... you will know what I am doing here ...