Endeavour has been running recently, and traders apparently think that a bottom is in.
optionMONSTER’s tracking systems detected the sale of 3,743 January 2015 5 puts for $0.95 in less than 30 seconds today. Volume surpassed open interest of 3,312 contracts, indicating that new positions were initiated.
The put seller would keep that $0.95 credit as profit if END remains above $5 for the next year, but below that level the trader would face the obligation to buy shares. Given the premium received today, the effective entry price would be $4.05.
— Option Monster