JBL is reporting on 9/26 ( OCT expiration). Last qtr JBL issued a pre-warning couple of weeks before scheduled date and stock tanked 27%. Today was a huge activity on SEP 25 and 27.5 puts ; I guess people betting on repeat of last qtr scenario.
if i recall well u bot those puts before report last qt and told us they didnt even budge the followin' day at open.
what are u talking about again , Bit ? Those puts TRIPLED in price at the open and were times 5 later on.You really should stop hanging in chit-chat. http://www.elitetrader.com/vb/showthread.php?s=&threadid=71376&perpage=6&highlight=jbl&pagenumber=2 and yes , I currently long a bunch of JBL strangles again (OCT)
looked everywhere and cannot find it....anyways good luck with your bets; the sob may well go down another 10% or more.
Looks like neither a calendar or straddle to me but I have been fooled before by words written in black and white so don't take my word for it.
lol. Bitstream got this thread of topic (again) , it is NOT about MY position. All what I said that SOME people obviously betting on repeat of pre-warning , hence , the heavy otm SEP puts activity. Personally , I am holding OCT straddles/strangles into possible vols ramp and pre-warning is very welcome by me.