Yes, and after what happened to BSC, the most likely scenario is that it was a buy to open and hold to maturity (or in this case bankruptcy).
I think, from the beginning of this conversation, that the more interesting bit of this situation is that someone SOLD 5000 Lehman puts...
You dont know what they did vs. the put sale either, doubt it was one firm on the side which did not initiate the trade.
Oh I agree, it could have even been a big short write in which case both parties could win. Anyhow, the conversation is really mute, other than that we are able to know that the biggest games in town are not sitting this one out on the sidelines, but we should know better than than anyhow.
My only point was that the volume info that gets tossed around on this board is of no real value since no one here knows much about the trade other then the print.