July 9, 2007
Close of business 6/9/2007.
306,072 open NFI put contracts, up from 285,146 this morning.
In one day open interest increased by 20,926.
Total put volume was 22,723, so over 90% of the volume was new open put interest.
CSE volume was 2,775,000 shares. Just over 1/2 million more than the Put options increase. 1/3 of the entire day's volume in the stock.
Open put interest is now over 80% of the 37.9 million shares issued by NFI.
Fun with numbers or signs of something amiss in the mechanism of the free market? You decide.