Today someone bought a few GOOG 240 dec puts. When i say a few, i mean 27,000 of them. Someone told me that there was 8000 purchased of those last week too. I understand doing a little gambiling here and there, but this just seems like someone is either throwing away money, or knows something major is going to happen soon.
There seems to be alot of heavy put buying for December in fact. 300+ trades for 260, 300+ for 270, 300+ for 280, all the way up, heavier than usual put buying. But of course the big one was the 27,000 puts bought. Has anyone heard any rumors, Is goog about to take a shot to the head? Maybe some financial accounting scandel that maybe they dont really have all that cash they say they do? Insiders have sold off 4 billion worth of stock this year. Are they cashing out before the crash?
There seems to be alot of heavy put buying for December in fact. 300+ trades for 260, 300+ for 270, 300+ for 280, all the way up, heavier than usual put buying. But of course the big one was the 27,000 puts bought. Has anyone heard any rumors, Is goog about to take a shot to the head? Maybe some financial accounting scandel that maybe they dont really have all that cash they say they do? Insiders have sold off 4 billion worth of stock this year. Are they cashing out before the crash?
