Last week the put volume was very heavy on CMG and it has been weak this whole week. My guess is a fund was selling out their position and bought puts before hand knowing how illiquid the stock is. Figured make money on the puts while they knock the stock price down to hedge.
September 12th, 2014 at 3:45 pm
Last week the put volume was very heavy on CMG and it has been weak this whole week. My guess is a fund was selling out their position and bought puts before hand knowing how illiquid the stock is. Figured make money on the puts while they knock the stock price down to hedge.