$Avis Budget (CAR.US)$   Would it be legal for a hedge fund ...

$Avis Budget(CAR.US)$   Would it be legal for a hedge fund holding a large leveraged share position to buy puts right before selling shares to capitalize on the stock going down because of their own liquidation? Over 100k puts traded today so I'm just curious. At what point does one say 1200% return is enough and time to cash out before they get too greedy like Bill Hwang? 100k puts represents 10 million shares... close to what SRS owns in swaps very interesting