China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

Or they could be betting that it is simply going to follow the same pattern as the last 6 months, which has been to give up huge gains without any negative news. I don't think that high Put volume necessarily indicates that anyone is betting on an "attack" anymore. I think it is more likely that they are just betting on what they think is the more likely direction of short term price of the stock based upon current levels.

FWIW, I think this run still has a lot of legs under it.