Post by Deleted on Nov 6, 2017 19:35:38 GMT
Leaving for meeting, so an early option report today. Calls again low volume at 395; but puts well above normal at 1057. TOS says this is 4.1 times avg 5 day put volume. But there is no strong buying or selling pressure: 49% at or above ask (buying pressure) and 46% at or below bid (selling pressure).
The cause of the big put volume is one trade, 945 of the Nov 17, 2017 puts at $6 strike. That is about 90% of the put volume. It appears that a trader is betting, or hedging, Opko's earnings release. Here is a puzzle: if this one trade is 90% of the put volume (and it is) how can the buying pressure and selling pressure both be over 40%. If anyone has an answer I'd appreciate it. Maybe there is a misreported number on TOS.
The cause of the big put volume is one trade, 945 of the Nov 17, 2017 puts at $6 strike. That is about 90% of the put volume. It appears that a trader is betting, or hedging, Opko's earnings release. Here is a puzzle: if this one trade is 90% of the put volume (and it is) how can the buying pressure and selling pressure both be over 40%. If anyone has an answer I'd appreciate it. Maybe there is a misreported number on TOS.