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The Freep

02/07/05 11:09 PM

#355718 RE: Zeev Hed #355711

One "odd" thing about today's EPC, Zeev, is that there were over 136K of the XOM 50 Calls traded today, thus pushing the ratio out of whack. XOM goes ex-dividend tomorrow, and apparently there's a play of capturing that dividend (and profits) with ITM options. This happened in December with a few dow stocks, too.

I don't know if this has gone on all the time, but it sure makes the EPC seem less exhuberent, as no one is buying 10% ITM calls out of speculation....

the freep