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derek2000

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derek2000

Re: bUrRpPPP! post# 55841

Tuesday, 10/26/2010 11:27:04 AM

Tuesday, October 26, 2010 11:27:04 AM

Post# of 94785
CCME - trying to understand what drives this sudden surge.

Could be one of the following:

1) Short starting to cover in anticipation of Short Interest report today,

2) Institution buying before next earning, or

3) News leaking? (earning, divi, ...)

Whatever the reason, the PUT option I sold Friday(meaning I am long) looks mighty good today.

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