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Re: JMKel post# 5314

Friday, 09/16/2005 4:59:59 PM

Friday, September 16, 2005 4:59:59 PM

Post# of 17023
Over 1500 Feb 2006 12.5 strike calls were traded today (up 60 cents). This looks like someone buying based on inside info again. If it was part of a hedge - i.e. shorting the stock and then going long calls - they would have used cheaper shorter term options. It could be someone selling calls vs a long position, but the trading has been so odd lately that I can't help but think something else is going on.

Monday will be very telling. If the stock drops significantly, it suggests the trading yesterday and today was controlled by the MMs or whomever sold all the damn puts.

We shall see - if the strength (in the face of bad news) continues, I would say something is afoot.

Have a nice weekend.
Volume:
Day Range:
Bid:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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