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Volatility players sold approximately 5,000 calls and puts for a gross premium of $1.91 per contract.
A bearish put spread was established through the purchase of 10,000 November 74 strike puts for a premium of $3.10 apiece, spread against the sale of 10,000 puts at the lower November 69 strike for $1.45 each.
It looks like the investor sold 20,000 January $29 strike puts for a premium of $1.23 each in order to put the same number of July $26 strike puts at a premium of $1.54 apiece.
In AAPL's case, we just so happen to have sold the 2016 $50 (converted) puts for a whopping $30 or $3,000 per contract.
So now you have this lovely SQQQ hedge and the short TASR puts for a net credit of $1,500, which puts $1.50 in your pocket and, if you do end up getting assigned 1,000 shares of TASR, your net is just $18.50, which is 21% below the current price!
Finally, the trader sold 4,000 puts for a premium of $0.65 apiece at the April $34 strike.
Similar(48)
Both stayed put for a long time.
It can stay put for a long time.
He hopes to stay put for a while.
That left him putting for a six from about a foot away.
That left him putting for a 6 from about a foot away.
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