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investorguy

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investorguy

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Thursday, 06/25/2009 4:40:04 PM

Thursday, June 25, 2009 4:40:04 PM

Post# of 23113
E TRADE Financial Corporation (ETFC) Bombarded by Bullish Brokers, Call Traders

E TRADE Financial Corporation (ETFC: sentiment, chart, options) was a favorite target among call speculators on Wednesday, after the firm received its third upgrade this week. The latest came courtesy of Raymond James, which boosted its rating on the stock to "market perform" from "underperform," and opined that ETFC has limited further downside.

According to data from WhatsTrading.com, the online broker saw roughly 50,500 calls change hands yesterday, more than seven times its average single-session volume of fewer than 7,200 contracts. Most active was the August 1 call, which accounted for volume of nearly 50,000 contracts. In today's trading, the back-month option has already seen more than 10,000 contracts traded on open interest of about 49,800 contracts.

http://www.schaeffersresearch.com/commentary/optionbytes.aspx?byteID=93761&single=true

"Never Never Never Give up" Winston Churchill

Most posts are In my opinion as I like to ramble and usually don't know what I speak about, please do your own DD.

"OPPORTUNITY WASTES NO EFFORT LOOKING FOR THE PERSON WHO IS WASTING TIME THROUGH IDLEN

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