Salesforce.com has been getting sold, and the bears are looking for more.
optionMONSTER’s Depth Charge monitoring program detected the purchase of 8,826 weekly 55 puts expiring on April 4 for $0.89. An equal number of short-term 57.50s expiring this Friday were sold at the same time for $1.59, but volume was below open interest in those. So it looks like he or she rolled a position forward in time and down in price.
They collected a credit of $0.70 in the process and now have an additional week of downside exposure. He or she will also avoid being assigned a short position in the stock at expiration five days from now.