Mystery Options Trades in Sandisk Some interesting put volume going up in SNDK this morning. Looks like someone is bearish on the memory market...
My guess is someone is taking a spec on some downside puts. After all, memory makers have been getting crushed for months, and there is every sign that the trend will continue or possibly get worse. However, the Zune hypothesis is just silly...
The memory market has been a disaster in recent years. All of the dumping from overseas combined with massive over production has completely annihilated this market. I think whoever is loading up on these downside puts has the right idea. Shorting the memory market is a good long term bet these days...