gmcr puts

Quote from probe1957:

LMAO. You're hilarious.

Here you go:

>>I sold 10 contracts of Mar09 2012 60.00 puts for $0.75 just before the market close, should be an easy $750.00. What's up?<<

So which is it? Did you sell 10 puts or, as you now conveniently contend, was GMCR merely on your watch list?

I know you're not one to distort the facts, FF. Clearly I am misunderstanding and I apologize for my ignorance. "Selling puts" must be the elitest of the elite traders code for "watch list." I, of course, am not worthy of knowing that code.
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Sometimes "buying calls" is code for "buying puts" too
 
Nasty how obviously they can give the finger to SEC - "we'll do what we want". This is clearly trading on non-public information, yet he isn't even investigated yet.

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Robert P. Stiller, founder and chairman of Green Mountain Coffee Roasters Inc. (GMCR), sold $66.3 million of his stock before it plunged the most in four months on news that Starbucks Corp. (SBUX) had developed a rival to its K-Cup brewer.

Stiller’s combined sales on Feb. 15 and 24 were his largest in a single month since at least 2003, when the stock traded below $2, data compiled by Bloomberg show. He would have received $13.7 million less had he sold after March 9, when the shares fell 16 percent on Starbucks’ introduction of a machine for home-brewing single cups of espresso and coffee, a challenge to Green Mountain’s Keurig system.

http://www.bloomberg.com/news/2012-...sold-stock-before-starbucks-k-cup-threat.html
 
Quote from d08:

Nasty how obviously they can give the finger to SEC - "we'll do what we want". This is clearly trading on non-public information, yet he isn't even investigated yet.

------

Robert P. Stiller, founder and chairman of Green Mountain Coffee Roasters Inc. (GMCR), sold $66.3 million of his stock before it plunged the most in four months on news that Starbucks Corp. (SBUX) had developed a rival to its K-Cup brewer.

Stiller’s combined sales on Feb. 15 and 24 were his largest in a single month since at least 2003, when the stock traded below $2, data compiled by Bloomberg show. He would have received $13.7 million less had he sold after March 9, when the shares fell 16 percent on Starbucks’ introduction of a machine for home-brewing single cups of espresso and coffee, a challenge to Green Mountain’s Keurig system.

http://www.bloomberg.com/news/2012-...sold-stock-before-starbucks-k-cup-threat.html
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This might explain the delayed reaction in the stock. The news was out the day before. It was only after hours did the stock tank. Someone informed must have gotten word that the CEO was selling and they must have thought that there was more to the story than the public perceived. Information networks are alive and well it seems.
 
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