Post by Deleted on Jul 17, 2017 14:58:51 GMT
Calls 207, puts 926, total 1133. 10% of calls at or above ask, and 24% of puts. Put volume a bit higher than normal and put buyers are willing to pay up for the protection at a 24% rate. Almost all of the put volume are the Jan 18 and Jan 19 expirations.
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 1 week remaining until the $195,000 is gone. The bid ask is $.90 to $1.00. 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 5, counting today.
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 1 week remaining until the $195,000 is gone. The bid ask is $.90 to $1.00. 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 5, counting today.