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Don't forget the other side of the trade

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Mpower   Tuesday, 08/03/10 12:35:26 PM
Re: urche post# 100530
Post # of 177190 
Don't forget the other side of the trade --- people write PUTS and take in premium. I'm sure that the 100% runnup in the stock is giving the MM's plenty of ammo to bid at a decent premium to those willing to write.

It's very hard to read into the rationale surrounding PUTS. Someone could also be buying those as a hedge to a long share position.

MNTA has now been rangebound for 6 days in the low 20's ... i think we see some action sooner rather than later.

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