I am trading SUNW June 5 Calls right now. Their prices have been over the place more than I expected. On the 26th something funny happened. Volume was up a lot. In the morning , SUNW traded more than 50,000 calls, mainly in a single trade. On the tape was a single print of 37,893 at $.16 from the ISE. It was reported that this may be a closing trade of calls bought on May 19th for $.58. If so, someone took a bath in SUNW calls. And , I am just thinking, what marketmaker is doing that kind of size? Had that market maker been buying calls to balance her position since May? Moving paper is moving paper after all.

The thing that three days later, SUN is at 5.30 and those calls are in the money. A difference of $454,716 at the last price. But since you have already lost $1,591,506, it would not be a good day anyway.

In the true spirit of disclosure, I got whacked on SUNW Calls also, but I will be ok. It actually moved my position to a better point looking at the greeks. Non greeks, not so much.