Post by Deleted on Jul 12, 2017 14:39:34 GMT
Very slow trading: calls 328, puts 46, total 374
Almost all of the calls traded are Jan 2019 expiration.
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. The bid ask is $.80-$.95. 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. This trade is in the money, very slightly. Days remaining until expiration (trading days) is 8, counting today.
Technically on Opko stock, today we may, hopefully, have again retested the low successfully, assuming that we can rally to close in the green today by at least a few pennies. If so, that would set the stock up for a rally lasting a week or two (imho). And, I would then not want to be the trader discussed above, as his puts would expire worthless.
Almost all of the calls traded are Jan 2019 expiration.
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. The bid ask is $.80-$.95. 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. This trade is in the money, very slightly. Days remaining until expiration (trading days) is 8, counting today.
Technically on Opko stock, today we may, hopefully, have again retested the low successfully, assuming that we can rally to close in the green today by at least a few pennies. If so, that would set the stock up for a rally lasting a week or two (imho). And, I would then not want to be the trader discussed above, as his puts would expire worthless.