Someone just bought 5000 of the April $54 puts on KRE for $2.37... the s&p regional bank index... and its already down 7% on the day. A million dollar plus bet things are gonna get ugly.
LAZR down another 6%. DKNG down 5% too SPX down 15 points and dropping fast. Stoney's gonna be hiding for the next several days.
$40 for the $160p? I have one left? The $150p not too worried about selling the final puts. They're heading to $30.
Hey Ted... LOL.... Didn't Bear Sterns collapse on March 10th? Was it a Friday? S&P down 26 now... Look at the put volume on KRE
Bear Stearns' liquidity pool started at $18.1 billion on March 10 and then plummeted to $2 billion on March 13. Ultimately market rumors about Bear Stearns' difficulties became self-fulfilling SPX down 39 now. WHERE'S THE LIZARD KING?!