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Re: frenchee post# 101

Thursday, 04/16/2009 1:46:26 PM

Thursday, April 16, 2009 1:46:26 PM

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Someone opened 15,000 calls expecting something out of them.

The option writer will lose if they are in the money tomorrow.

Two sides, but 1.5 million anything raises the stakes of the game.

IMO, i think it was a hedge -- some institution is holding a lot of URE shares, so maybe they sold calls as a hedge? I do not know.

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