Trading SUNE Puts, why did someone put 2500 contracts up at $.68

Discussion in 'Options' started by RabidTrader, Aug 25, 2015.

  1. Trading was interesting today, you could feel how forced this rally was. When the most powerful stocks are ready to fall like HAS, TJX, MSFT, CAG, EXR, SPG, TSN, HRL, POST, K, GIS, LEN, RYL, and many others you know we are probably going to sink more until we get a good washout.


    Swapped my HAS out at $3.80 for $3.00 before the Close.

    Changed my TJX too, bought the $70 Jan Calls while TJX blew past $70 on the down side, that's when I started to buy it. CAG, MSFT, POST and the others will grow on their own, hope you all were safe!

    Some clown tried to slow the Put buying on SUNE, at one point I thought of using a restricted account to pull off all his contracts off at $.66 2500 contracts (when bids at $9.50 on SUNE with 150,000 shares are getting eviscerated all the way down to $8.90 his bluff made me laugh. I should have posted a spoof order at $.63 of 3000 Contracts just to see if he would play!
     
    Last edited: Aug 25, 2015