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Alias Born 06/13/2010

Re: DonShimoda post# 504

Monday, 06/21/2010 9:19:27 PM

Monday, June 21, 2010 9:19:27 PM

Post# of 80490
Yes the trial can be registered by August, but the 200 day MA can be hit as early as tommorow or never be hit at all. The 200 MA is a buying point of mine not by August as the put buyer believes the stock will be.

Obviously that put buyer will be selling his options if the stock got to the 200 day because they will be up over 100% and would know that buyers may step in.

Now maybe that buyer is stupid or something but he may be taking into account that there might no news by August . 5938 contracts X $30 = $178140. Maybe they are stupid or maybe they are smart but Murphy's Law does state "Anything that can go wrong, will go wrong".

That applies to both sides however.

Thank you for listening to my rant.

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