Post by Deleted on Jul 10, 2017 19:52:22 GMT
Calls so far 1311; puts 529; total 1840. Slow volume so far.
Continuing to follow the big put buyer: 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 $.80 to .90. 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.
Continuing to follow the big put buyer: 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 $.80 to .90. 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.