Post by Deleted on Jul 10, 2017 15:31:43 GMT
Calls so far 317; puts 83; total 400. Slow volume so far.
Remember Thursday 7/6/17 someone bought 2446 July 21, 2017 puts $7 strike for 80 cents each, spending $195,000. Well, he has less than 2 weeks remaining until the $195,000 is gone. But the decline in stock price today is helping this trader a bit, as the bid ask is $.75-.85. He is going to need a lower stock price to avoid a loss on this trade. Its a gutsy position for sure if he is naked the puts; not as much if he is hedging his long.
Remember Thursday 7/6/17 someone bought 2446 July 21, 2017 puts $7 strike for 80 cents each, spending $195,000. Well, he has less than 2 weeks remaining until the $195,000 is gone. But the decline in stock price today is helping this trader a bit, as the bid ask is $.75-.85. He is going to need a lower stock price to avoid a loss on this trade. Its a gutsy position for sure if he is naked the puts; not as much if he is hedging his long.