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Post by kc on Nov 11, 2014 20:40:04 GMT -5
Spiro glad you didn't say your wife liked playing with whipped cream. Don't go there.  But but on a serious note: Sanofi has to have a great presentation. This IR program is more important then ever after they fired their CEO. You can bet they bring their A game. This is a world class company doing a WORLDWIDE presentation to INVESTORS AND Analysts to pump up their share price. The lay an egg and their stock drops $5.00 or more per share. You think they want that to happen? They took their hit when they fired their CEO. They have to hit it out of the park. GRAND SLAM, TOUCH DOWN ,GOAL. Afrezza ® a Sanofi product. |
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Post by Deleted on Nov 11, 2014 22:22:56 GMT -5
It should be noted that someone rolled a huge put order over today. I'm curious what others thing of this.
They rolled 23,000 $9 nov puts into $8 jan15 puts. They pocketed about 0.50 of profit in doing so. At first glance it seems to be bearish, but locking in a little profit in the rollover would suggest someone not as confident as they once were.
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Post by Deleted on Nov 11, 2014 22:24:39 GMT -5
Holy crap, it just occurred to me that this might be Karps puts. Didnt he have about 2,300,000 equiv shares in puts? Equal to 23,000 put Options?
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Post by babaoriley on Nov 11, 2014 22:35:52 GMT -5
What's that, Spiro, you really hope that you are afforded a can of whipped cream in your shorts on Thanksgiving Day? That's the Holiday Spirit, you do know what whipped cream is for!
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Post by babaoriley on Nov 12, 2014 1:27:08 GMT -5
It should be noted that someone rolled a huge put order over today. I'm curious what others thing of this. They rolled 23,000 $9 nov puts into $8 jan15 puts. They pocketed about 0.50 of profit in doing so. At first glance it seems to be bearish, but locking in a little profit in the rollover would suggest someone not as confident as they once were. I would guess that was someone who had initially sold a crate full of Nov 9 puts (bullish bet), and was going to get stuck with over 2.3 million shares for which he or she would be paying $9 per share on or about November 22, and so decided rather than face that music now, rolled them forward at a buck lower strike and pay about half the buck that they bettered their position by ($9 to $8). I do that type of transaction often (it's quite common), but not quite in that magnitude!! |
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