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ed_ferrari

12/19/08 2:44 PM

#242138 RE: Grones #242134

Probably someone wrote naked calls and is afraid he's going to have them exercised against him.
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littleinvestor

12/19/08 2:47 PM

#242141 RE: Grones #242134

Possibly arbitrage by a Market Maker. For example I see that the last sale of the Dec 25 options was at $1.20 while the current share price was at $25.25. A Market Maker could pick up a thousand contracts, exercise them and sell the stock at a $.05 per share profit (x 100,00 shares = $5000.00 profit).