Pure ManipulationHUGE PUTS ( 5050 ) for August 16th option contract expiry for earnings report.
They could only get it down to $32.60 during regular trading on Wed so the KNOCKED IT DOWN to 32.25 after hours...This allows them to open lower than the $32.50 put otions.
The knocked down price covers ALL reasonable puts that expire on the second of Aug ( I don't see them trying for the $30 dollar puts expiring Friday)
HOWEVER there's a sizable chunk of put options ( 2173 ) that expire on August 9th.. SO I PREDICT TODAYS ACTION will be as follows....THEY will push it down in premarket as much as they can and try to open BELOW ( or as close as possible ) to the After Market price of $32.25. Their target for the day will to push it below the $32 Aug 9 put option price and keep it there as long as possible.