
Originally Posted by
lnvanry
There was an unusual volume of puts that day...its doesn't mean that much.
Just b/c there was a high volume (remember for every trade profiting off the downtrend, buying puts, there is a trade profiting from uptrend, selling puts) doesn't mean there was something fishy by any means. For all we know, there was a high volume day on the underlying asset (the actually stock itself, not the derivative) and the trader hedge his position by buying puts to protect himself against the stock moving lower...ie the trader isn't profiting from buy the put...just mitigating some risk.
Of all the evidence in loose change (95% debunked IMHO) the trading of AMR is the most far reaching speculative piece of circumstantial evidence.