Post by Deleted on Jul 13, 2017 19:18:05 GMT
We just, in the past 5 minutes, had another one of those big put trades. Put volume was quite low before this trade. But after this trade, as of now: 1106 calls and 10.611 puts.
It is a similar (inexplicable) trade, almost identical to yesterday. 5204 Jan 18 $12 strike bought; and same amount of Jan 18 $12 strike sold. Repeating my comment from yesterday, you would usually expect this trade to be a roll over from 2018 to 2019, thereby extending the time available to exercise or sell the options. But, like yesterday, this trade is going the other way.
I don't understand it at all. One possibility, but I believe a small possibility, is that the trader was Short the puts, not Long, and therefore he actually is just covering in some respect. If anyone else has an explanation, please share it, as I would love to understand what this trader is doing.
It is a similar (inexplicable) trade, almost identical to yesterday. 5204 Jan 18 $12 strike bought; and same amount of Jan 18 $12 strike sold. Repeating my comment from yesterday, you would usually expect this trade to be a roll over from 2018 to 2019, thereby extending the time available to exercise or sell the options. But, like yesterday, this trade is going the other way.
I don't understand it at all. One possibility, but I believe a small possibility, is that the trader was Short the puts, not Long, and therefore he actually is just covering in some respect. If anyone else has an explanation, please share it, as I would love to understand what this trader is doing.
