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Re: 3xBuBu post# 6207

Wednesday, 09/26/2007 11:57:03 PM

Wednesday, September 26, 2007 11:57:03 PM

Post# of 72979
Interestingly enough the open interest on most of those puts didn't increase much after all that activity yesterday, and there was still some pretty large activity again today. Given that the premium was so small yesterday I wonder if they were all bought and then exercised yesterday. The buyer could have been opening a huge short or perhaps unloading a huge position and the writer might have been covering a large short or opening a huge position. Either way odd activity for whatever it is worth. BTW whoever is making these trades seems to have an odd obsession with the number 4, 15004, 10004, 3204, 1004. Thanks for the welcome abroad wonderboy, I'm mostly a lurker, you guys have a good board here. I own some Oct 15 puts for the record, that's why I'm paying attention to this stuff.




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