Re: Maybe this will backfire.
Ok looking at Nasdaq there was notable trading reported on Tuesday.
"Especially high volume was seen for the $11.50 strike put option expiring March 16, 2018 , with 38,495 contracts trading so far today, representing approximately 3.8 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $11.50 strike highlighted in orange:
So if share price remains above $11.50 for two days then these dumpers have lost their premium. I suspect the markets have already taken note and no doubt will keep these options worthless.
Biting the hand that feeds IT
