That's funny I had the same PUT but decided yesterday to buy it back when it had 50% profit. Just got lucky but I was watching this AM and it was all over the place.
I started the week at 150 then rolled staired up to 160 and finally the 177.50's Looks like that was a couple of stairs too High!
Having the new offering price come out at 160 was brutal but in reality those shares will get absorbed in a few hours trading and should really be a non issue.
Those folks who are selling were early private accredited investors so perfectly understandable they want to cash in some chips!
I would sell some for next week but I sold a 4 contracts in IBM at 148 because I want to buy the stock anyways for the dividend so don't have enough buy power to risk at the moment. Looks like they will retire worthless so I'll be ready to halve at it here next week!
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