Strange "put" buying

[donlongava]

[quote='tacitusk' pid='42822' dateline='1399133713']

[quote='Fundy_' pid='42820' dateline='1399130958']

[quote='js253' pid='42807' dateline='1399061271']

MW may release yet another "report" over the weekend to rattle frail longs.

Should be noted that MW is currently out, at least as of his last SA disclosure, but he is continuing to attack the company on various mediums. I'm not sure if it's his attempt at saving face or that he's brewing another big attack, only time will tell. I have said this plenty of times before but if you truly believe in the long term outlook in this company then short attacks don't really matter. As the revenue continues to grow and they start putting more of that into their bottom line, on top of their audit results, the price will pick back up in the long term.

He is still short, the artical initiially stated (incorrectly) that he held no position so that's probably what you remember. It's been updated since.

OK, thanks for the clarification, that makes more sense.

What article are you referring too!  Thanks

[Banco_Central_de_Costa_Rica]

May $6 and $8 puts have seen explosive buying the last two days, with both contracts expiring on the 17th.

I don't see it as hedge, since the strike is so far below the already beaten down stock price, the "hedger" may lose money on both the stock and the put premium. two possible theories

1. Less likely

Shorts trying to raise fear , buying far OTM put is a cheap way of doing that

2. More likely

In conjunction with the weak price action this afternoon in light of a significant 13G. Another short attack coming. MW may release yet another "report" over the weekend to rattle frail longs.  Tipped off put buyers can easily double/triple their money selling into the ensuing panic.

Any thoughts?

Option Monster says the seller of $6 puts was in the mkt today covering AND making a nice profit! Shorts{ put holders} are getting burned by time erosion!

[Bondguy8]

May $6 and $8 puts have seen explosive buying the last two days, with both contracts expiring on the 17th.

I don't see it as hedge, since the strike is so far below the already beaten down stock price, the "hedger" may lose money on both the stock and the put premium. two possible theories

1. Less likely

Shorts trying to raise fear , buying far OTM put is a cheap way of doing that

2. More likely

In conjunction with the weak price action this afternoon in light of a significant 13G. Another short attack coming. MW may release yet another "report" over the weekend to rattle frail longs.  Tipped off put buyers can easily double/triple their money selling into the ensuing panic.

Any thoughts?

Option Monster says the seller of $6 puts was in the mkt today covering AND making a nice profit! Shorts{ put holders} are getting burned by time erosion!

Are you able to see what prices the 6 puts traded today?  Also can you see change in open interest?  That would be way to tell if someone was changing their positioning.  Seems hard to believe any owner of that strike would sell before the extension filing deadline.

[js253]

May $6 OI increased by roughly 20000 contract, so the majority of yesterday's volume was new purchase, NOT covering. Besides, most of the OI were established after NQ's 4/30 update at more or less 10 cents to 15 cents, so there really isn't any profit to be taken by the put sellers. All come down to the 20f filing o 5/15.

[AlphaMine]

May $6 OI increased by roughly 20000 contract, so the majority of yesterday's volume was new purchase, NOT covering. Besides, most of the OI were established after NQ's 4/30 update at more or less 10 cents to 15 cents, so there really isn't any profit to be taken by the put sellers. All come down to the 20f filing o 5/15.

if someone bought 20K contracts @.10 and sold them a few days later for .15 they did well already.  In my exp most of the BIG traders don't use options to swing for the fences (or buy much time risk) like most amateur investors do.

[RacerX]

OI May 17th 6's:  94k

OI May 17th 8's:  57k

[Mountainbiker]

When trades are so one-sided, it will go the other way just like the last time when PUTs were going crazy....EOM.

[Mountainbiker]

May $16 CALLS are very active today. CALLS vs PUTS, the battle goes on. The winner will be the ones WHO SELL them not buyers....

[cliu89]

The price seems to be back and almost unchanged today. There are only 6 trading days left including 5/15. Shorts have to cover soon.
I am pretty confident that 20-F and audit will come out on 5/15.

[avunculus]

The price seems to be back and almost unchanged today. There are only 6 trading days left including 5/15. Shorts have to cover soon. I am pretty confident that 20-F and audit will come out on 5/15.

why can't they give some pleasant surprise by pushing out 20-F earlier to kill the shorts off-guard?