capt_jmj, Your understanding about option mechanics is correct. My point was on price action, if some one is selling on bid that big block it mean seller is betting this price will not reach and he do not need to buy that stock. Sellers need to buy back the stock @ the strike price if price is lower. Buyer want insurance or he is short and want to buy stock cheaper any case could be, he might have sold 44 or 45 puts to cover his back. Many scenarios are possible. Good luck.
Farooq
Farooq This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.
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