Recent content by ATHiker

It looks like the conversion holder has covered about 5000 of the 8000 contracts in two trades today. 2000 and 3000 blocks. It appears they closed both the short puts and the long calls for profit on both. There was also some heavy volume that appeared to be a straddle at the Jun 50 and Aug...

Lucky, thanks for taking the time to explain this. Very good information. If you look at the options there are already straddles setup for May and Jun at 8000+ contracts. Aug and Nov seem to show signs of a straddle at 35 as well. If this is a short position then they would cover their...

Thanks again for the replies. Is it possible this was a person looking to double their position? The agency transfer was used to move the shares into a trading account from maybe a restricted stock account (company insider?). They then sold the calls and sold the puts. Selling the calls gets...

Thanks for the replies. I do not know if the stock was sold long or short, same for the straddle. How would you tell this? There was a dividend here as well. 0.81 dividend. The ex-date was April 25th with April 28th being the day of record. So maybe someone was already long the stock...

Cal-Maine (CALM) has 110% of its float short (depending on the source it ranges from 97-110). The fundamentals of the company are pretty solid and as the short interest has gone up over the last year, so has the stock, thus the shorts are in trouble. A log of games appear to be getting played...