### Comment:
Um you mean sell puts right?

### REPLY:
No, buy puts. If he's going to unload a ton of shares, and there was another guy here with 300k in it, you'll want puts ATM so that you can offload your shares before the tanking. 
  
 If you sell the puts, you're just going to be sucking in his shares. If you're long on this company, then I guess it's ok because you get the premium.

### END.