Zeev's Turnips Patch-No Politics (ZEEV)

[nancy2]

those 35p could be part of a bullish put spread that opened several months ago.

I recall few months back there were hoopla about how an institution initiate a gigantic put spread trade ...

given the premium involved, I would guess it was put sold instead of put bought. If that is the case, it aint going to influence AJ's max pain calc the same way as if they are put bought.