China MediaExpress Holdings, Inc. (fka CCME)

[chensiona]

Yeah I saw the $5 puts right at the open and at the ask. Can't figure that one out, other than it being a speculative bet by an option trader or another method to spread FUD since we all expect a hit piece when we see big put buying, so someone may just be trying to see if it still works. It really is the only tactic with which they can scare people to sell now, after MW screwed up.

Another thought that came to mind yesterday as to why we saw the big rebound after the MW piece was because the MM sold all those calls he needed to buy the shares, and since he probably figured out what was happening he bought all he could and that's why we had such a strong rebound and why the shorts have been able to buy such big blocks of the $5 calls. But this is just my speculation though.