05-30-2012, 03:08 AM
I see @ 4:24 today 22,000 contracts of the Sep 100 calls were purchased at $3.75. That is an $8.25 million option trade. I could see someone like Wells selling calls as to agree to sell a third of their holdings at $100, but who is buying that many calls? The shorts as insurance? That is a big price to pay for 114 days of protection at over 50% higher prices than today's close.
"And maybe someday we will find , that it wasn't really wasted time"