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Re: redwards post# 104825

Tuesday, 05/06/2003 10:53:55 AM

Tuesday, May 06, 2003 10:53:55 AM

Post# of 704041
16th and I expect a lot of fireworks on that day as exemplified on Apr expiry where SNDK up $4 to $22 now $26 and CREE down $3.5 to $20 now $20.75.

MM got to kill the potential profits of long call buyers while not rewarding PUT buyers. At least 2 transitions of UP and DOWN or DOWN then UP while removing time premium needed to shake out option buyers hopes and dreams.

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