TAL reports earnings tomorrow. They are an online Chinese education company. That should be enough right there. LOL! Big number of Puts for the NOV36 Strike are being bought (almost 5000 contracts). Report earnings tomorrow, Thursday. They have almost consistently dropped after earnings. Sold some naked NOV40 Calls and will look to buy some of the NOV36 puts before the end of the day. Sort of a synthetic Risk Reversal......in reverse.
EDIT
Just noticed Najarian mentioned it in unusual activity. I had noticed it on positions he held but did not know he would use it on the UnAcc board. Just reinforces more position.