Beat that stock like it owes you money

Huge premiums in out-of-the-money August puts on CFC today. Big volumes too. Somebody thinks something bad is going to happen. Aug 20s were going for $1.90 at one point, meaning somebody's betting the stock will be below 18 within two weeks! I got 2.30 for Aug 22.50s and then bought them back a half hour later for 1.45. The stock had moved less than the way-out-of-the-money options, a very unusual circumstance.

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Happy Super Tuesday!