Monday, November 4, 2013

Comment on Suntech Trading

Someone left this as a comment. I haven't checked whether it's accurate.

"Seemed like a fund pumped $10-20m into the equity pool between 9:45 and 10:15am today. They wrote thousands of STP 2015 call options. And they then bought thousands of 2014 put options. It's going to be a good week."


Walter said...

How does one verify this?

Anonymous said...

Sounds like someone was forced to cover..

Maybe we see $2 this week if buy-ins continue

Anonymous said...

Smart money is moving from short to put positions.

It makes sense given the bankruptcy hearings in NY and Wuxi as well as the NYSE delisting risk.

Why would you maintain a short position in an expensive & hard-to-borrow stock when you could simply sell 2015 calls and purchase 2014 puts that are cheaper and liquid?

eah said...

Did you get a commission?

CP said...


eah said...