The put/call ratio is 0.08! There are 8 puts to every 100 calls.
The UK body that previously hindered Getty Images & Shutterstock merger posted late yesterday of their final notice to approve the merger since Shutterstock agreed to sell off its editorial arm. Comments from the public are due June 24th at 5pm and the ink will dry soon after. This creates a huge opportunity for the options ending on June 18th.
With positive news, institutional smart money is already betting on a positive upside BUT to be a true regard - the gamma from a P/C ratio of 0.08 would intensify the velocity of a violent move upwards. Despite the open float being listed as a large number... what it doesn't take into account that most of that float is locked in private family ownership or funds associated with the merger that cannot sell their stock. About 92% of the float is illiquid with the exception of some funds that would actively trade.