Originally Posted by
acl65pilot
What I take from what FtB wrote is this. A investor used the sector and wider market pressures to put a "Put" in. Simply it is a bet against the future.
Not quite, Mr. Wizard. In fact he did just the opposite. He SOLD 8000 puts and bought 4000 calls. He makes money if the stock goes up and gets his head handed to him if it keeps going down.