***Good call! Definitely something to keep an eye on.
$20 April expiration put ($1.15/+0.70) ~ 23,463 volume vs. 30,891 OI
$30 April expiration put ($2.85/+1.75) ~ 28,136 volume vs. 30,846 OI
LEH closed at $38.71
***
Also of note, UBS $30 April expiration put ($3.10/+0.75), 9,830 in volume vs. 8,453 OI!
UBS closed at $29.13
***
This is definitely something to watch in these major financial companies. Any time you get volume near or even above the open interest in options, it's certainly something to pay attention to. Insiders love trading options due to their great profit potential and leverage, especially if they know something that might be around the corner!
Case in point. The UBS $30 puts today trading more in volume than open interest, after hours just now, there was news released about a class action lawsuit against the company!
Another case in point, who bought all those damn put options in the airline stocks before planes were seen smashing into the World Trade Centers within a week of all that put option buying!?!?!?
News 
Market Data 
Discover 
