/biz/ - Business & Finance

>Benzinga's PreMarket Prep co-host Dennis Dick said on Tuesday morning’s show that he noticed some suspicious trading activity in both the Kodak stock and options market on Monday ahead of the news.

>“All I want to know is who got the memo yesterday? Look at the pop on this thing yesterday ahead of the news. That’s a big candle. That’s the biggest up move it’s had in two months,” Dick said.

>What Happened? Kodak shares were up 25% on Monday ahead of the big news. Kodak’s legacy business was producing cameras, but it has since pivoted to blockchain and now is planning to produce generic drug ingredients, the company said.

If Kodak doesn't crash and burn back down to at least $5 by October, I will quit the stock market game out of disgust. And I'm actually up by a healthy amount too. But this is just ridiculous.

Don't do it guys

It might be too early to buy puts on Kodak, it can run up for a week, even two. Kodak hasn't hit /wsb/ yet so you might want to start buying puts a day after it hits /wsb/ and you see Robinhood numbers going up.