I see there is no bid posted. Maybe there was at the time these went off ??? and this is people bailing.
Yes...those are legitimate buys/covers... This is even more interesting....one single block of 9500 contracts for Feb 10 puts just went through on THE BID...this means a sell. So would be a bullish sign...... 11:13:33 9500 0.05 - PHIL
A bunch of 12.50 Feb puts are now added to the mix.....This is unreal. Sometimes you get lucky and its not this complicated. For instance, a week ago or so ahead of SEBL earings....In the last hour of trading...huge blocks of 10 strike calls were going through on the ask....Nada on the put side....It was worth a chance....Those contracts doubled overnight.... CSCO is a different story....One thing is for sure....this thing will definitely be on the move tomorrow (that sounds so lame) If I ever saw a case of sell on the rumor and buy on the news.....this is it
or getting the nickle while it's there. Vols gotta collapse after the close no matter what. I'd guess that 10P is worthless regardless by tomorrow.