Replies to post #101720 on Biotech Values

[DFRAI]

Jbog - I dont understand it with the huge put options

We understand that most options expire worthless and that the house benefits in 80% of cases, however the following scenarios stick in my mind

1. someone is selling puts - bulish outlook for the stock
2. someone is buying puts - fear of lower stock

Looking at the action - the premium is deteriorating which indicates to my untrained eye that someone is selling puts - bulish for the stock outcome.