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Re: WiseYoda post# 22086

Friday, 06/07/2024 7:01:03 PM

Friday, June 07, 2024 7:01:03 PM

Post# of 23634
And I don't think we should attach any mystical importance to the fact that he (supposedly) bought 120K June 21s with a 20 strike. Not so long ago--which is to say before the beginning of May, when he made his surprise return to social media--the premium in those calls must have been pretty low, because they'd have been outta the money. The stock was trading at around 10 or a little above.

He, and others who contributed to the unusually high open interest, may simply have been anticipating the release of the quarterly, which they expected to be much better than it turned out to be.
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