who is buying options, page-2

Some strange trading occuring with HEG and HEGO yesterday and today.

Yesterday on closing a 300k sell @ 26.5c was gazundered by another 300k sell @ 26c. That was after 1M shares were sold at an average of 26.5c.

If the 300k closing seller at 26.5c was so desperate to sell I would have thought he'd be selling on opening this morning, but the trade disappears, and immediately after the opening auction a 300k buy at 26c hits and fills. Weird.

Then at 1.15pm 300k HEGO is dumped into the market taking out the 11c and most of the 10.5c bids, leaving the buy side looking very sick.

I suspect weak holders are trying to be flushed out after the announcement. Just a couple of small parcels sold at 25.5c.

A small buy just went thru at 27c, but if you want a position at that price you might as well take HEGO at 12c and gain some leverage.