Thread regarding Nordstrom layoffs

What did they know?

Or what did they think they knew?

I’m referring of course to the parties that bought all the crashy April put options contracts on $jwn.

That really is quite a lot of open interest, way out of the money, with now only a week to go. I wonder what thinking went into this, what event was expected to happen.

If you are behind this, please explain yourself. ty

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