Replies to post #24829 on FinancialAdvisor's College Class (FACC)

[QuickTrade]

Bear Stearns - "BSC" March Option Info:

Taken from this video:

BSC closed @ $87 Feb. 27th. $63 on March 11th. $4.81 March 17th.

March 11, 2008 - The March $30 puts Open interest was 12,000. 2 days later the same put options Open interest was 37,000!

$30 puts were .20 - .40 cents.

March $35 puts Open interest 4000. They traded 24,000 on March 11th.

March 14, 2008 BSC traded into the mid $20's.

Those $35 puts traded at $11.40. The $30 puts were at $9.00.

THATS A 2200% PROFIT IN 3 DAYS.

IF YOU KNEW ABOUT BEAR STEARNS GOING BANKRUPT AND PUT $5000 INTO THE PUT OPTION, YOU WOULD OF HAD $115,000 THE NEXT 3 DAYS.

BUT GUESS WHAT. THAT WAS BEFORE THE STOCK WENT TO $5!! THOSE SAME PUT OPTIONS WERE TRADING @$30. A 7000% INCREASE.[/B]

THAT SAME $5000 5 DAYS AGO WOULD BE $355,000!!!

[FinancialAdvisor]

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