Lightwave Logic Inc (LWLG)

[frobinso]

It seems like there is activity on both sides of a zero sum game. Can you draw any conclusions from such mixed activity in options? Admitting I am no options trading expert.

Anyone bearish on the overall market might want to buy the puts far enough out not to have to worry about decay for awhile, and likewise on the calls, especially with many anticipating a contract may be signed in the first half of 2022.

The 7.50 puts seems like a high price to pay for portfolio insurance, but I have not looked at the price of the near term puts in comparison. With 5 contracts it may be unwise to make any inferences at all from such activity. The person writing the put made a handsom profit if there is positive news by June it is free money.

Given the current rate environment I would expect to see alot more folks buying puts as insurance to protect a long-term holding from downside risk, versus getting to cash and missing the benefit of positive news. Such activity is not necessarily bearish, but defensive or protective of a long position - in my view even that could be considered a bullish outlook.