Very large put open interestMay 2 someone bought 25,048 June US$5 puts for about US$0.40 each for a total cost of about US$1 million.
May 8 someone bought 20,683 Sept US$5 puts for about US$0.70 each for a total cost of about US$1.5 million.
May 11 someone bought 10,236 Sept US$5 puts for about US$0.70 each for a total cost of about US$700,000.
These holdings would allow the person to sell a total of 2.5 million shares at US$5.00/sh until the third Friday in June and a further 3 million shares at US$5.00/sh until the third Friday in September.
Those are huge bets in the option world unless they are protecting a long position, which I doubt.
As a long, I worry that this put buyer has inside information.