Aug 17th option expiration

[jft310]

Look at the expiring Aug 17th options. The $80-90 strike open puts there are over 16,000 open contracts. The $80 trade for about $1.25 so the market maker thinks they are just insurance. Who bought all those puts.?? They are gonna lose that insurance money based on the premiums. The $85 strike at @ $3 has some possibilites ,could IOC trade at $82 next friday well sure. In order for the $85 buyer to make money the IOC PPS must drop quite a bit. With a new CEO wanting to get a good start and the pressure certain large shareholders are putting on mgt for some the disclosure by Tuesday AM in my opinion the $85 buyers will lose the premium they paid. In full disclosure I own zero, nada Aug options and await news soooooon.Welcome all others opinions