Replies to post #38992 on ajtj99's Market Pulse

[The Freep]

AJ-- about those CSCO calls....

No question they're overloaded (beyond 20, too). But one thing that makes them POTENTIALLY a little less of an obstacle is that the January 2005 options have been available for years at this point. It's impossible for me to even guess the average cost of those options, but I'd wager that many of them were purchased long ago at higher prices. Consequently, in the Freepish interpretation of how optionfolk screw the most, a move to 21.3, say, even at expiry might not really cost them any money. And that's a sweet 10% move.

the freep

[JLSegal]

ajtj, have you noticed how often CSCO has been opening with a sell imbalance? Almost every day for the last several weeks. Year end/Q end window dressing + tax loss selling? It will interesting to see if this continues into next week.

[michael03332002]

AJ, if TASR can somehow close at or above 28.65-80ish I think we get a good gap and run tomm and close in the upper 29's and possibly low 30's range, that is unless some god awful news comes out and slams us.....

M

[The Freep]

BTW, AJ, on the call stuff... check out the MSFT January series. Yikes! Now, to me, the chart looks bullish -- consolidating here and ready to break up at any point. And again, MSFT could move 5-10% and it might not be as big an impact on the options folk as it appears at first blush. Then again... it'll be worth watching.

the freep