Post by Deleted on Jul 20, 2017 21:12:05 GMT
Calls 636, puts 7225, total 7861. Big put trade near the end of the day. To explain what I think happened, the $7 July puts (3428 of them) which will expire tomorrow, were rolled (my opinion) to August. It makes all the sense in the world for this trader to give himself one more month for Opko to go below $7. BUT, if you accept the open interest amounts from TOS as of end of day, it says open of 4225 in July and 69 in August. My guess is that TOS may have incorrect open interest numbers for both months. Its disturbing to think that, because then I begin to question how accurate the trading volume amounts are. I can't think of another explanation. Any ideas out there?
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 only tomorrow remaining until the $195,000 is gone. The bid ask is $.50 to $.60. He currently has a significant loss on the trade. I'm rooting for him to lose the entire $195,000. However, depending on the accuracy of the rollover to August in the paragraph above, this trader may have bought himself another month. So I'm going to stop following this trade ... since my guess is that he has rolled over to August. Again, any thoughts or ideas are appreciated.
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 only tomorrow remaining until the $195,000 is gone. The bid ask is $.50 to $.60. He currently has a significant loss on the trade. I'm rooting for him to lose the entire $195,000. However, depending on the accuracy of the rollover to August in the paragraph above, this trader may have bought himself another month. So I'm going to stop following this trade ... since my guess is that he has rolled over to August. Again, any thoughts or ideas are appreciated.