DSS Inc (DSS)

[Chas1961]

Noler or Options expert.....

A while back we had a conversation about some potential PUTs. Now you know I need to see it in actual official docs before I can discuss. I know PUTs are a bet on the price of a stock going down and that is as much as I care to know at this point in my life. When I am involved in options I have experts to turn to. Riddle me this:

On Hudson's 2nd quarter report of holdings (released Today) they show that they sold their 508,870 shares of common stock. Thats a real surprise....I guess our summation of who the big seller was is being proven as we speak. Now here is the kicker...

They are now showing 721,700 DSS PUTS at a value of $1,660,000. This makes absolutely no sense to me unless they have sold them to themselves. If I understand correctly "someone" had to have those shares to sell for the premium. Since DSS only has 2.50 Puts/Calls we are way too far from that to be effected. Can someone explain what the logic/benefit would be. Or could they have promised to purchase and let expire? Hudson Bay has a history of selling out their PUTs. I have no idea when they were purchased either. But it is curious that the PPS had such a long drop and this may be the reason. If they knew they were going to have to seel a ton of common shares, would it not be kind of double dipping and purchasing those PUTs to sell knowing it was in the bag? Very curious on the strategy in this holding. TIA