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j70k

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j70k

Re: None

Wednesday, 08/20/2008 12:17:28 PM

Wednesday, August 20, 2008 12:17:28 PM

Post# of 432931
Gamco or any of the option guys- I can understand the sell side of the large option transaction, but the buy side has me puzzled. Is it possible that the buyer has a large short position and that 1.5 million shares of that position are naked? The only way to obtain shares to deliver was to broker a deal with a holder of a large sum of shares at an agreed upon price, thus the Sept expiration. Just a guess and probably a stupid one, but this would cause the least disruption of price to cover a naked position.
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