Mr Cooper Group Inc (COOP)

[lodas]

JB3136......there are presently 28,322 Open positions on the 35 put strike price, and only 83 open positions on the 35 strike ....the Put/call ratio is 338.....this means that there were 338 more puts than calls put on at the 35 dollars strike level...this is bearish put , meaning that the MM knew in advance bad news was coming, and the bad news was when the Fed made the announcement of the rate increase last months meeting... if you look at the options tables, the april 50 ,45, 40, 35 all had high Put / call ratios over 1...when the ratio exceeds i, the stock could possibly fall, which it did....TD Ameritrade posted that there was a 5000 Put Sweep for .60 cents per share...what does a put sweep mean?...the buyer of the put at 35 makes a call to all exchanges to execute the order to buy puts at .60 per share, which was over the asking price at that time... so my sense is this.....MM will keep coop stock at around the 35 dollar price, so they can close their positions by thursday, april 14 which is option expiration....they have already made a "killing" in the puts from 50, 45, 40 strike prices, and they will now try to push coop close to the 35 dollar level by thursday, this week......the reason for the takedown in coop was purely options play, nothing more..... Lodas