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gadar

09/03/10 11:32 AM

#103465 RE: pollyvonwog #103422

I find the open interest (OI) for MNTA troubling.
yesterday the volume and OI for Jan 2011 puts was approximately as below when I checked in afternoon yesterday -
strikePrice volume OI
10 8201 7569
12.5 4005 7569


Today it is
10 30 15243
12.5 10 4814

It seems most of the volume at strike price 10 moved to OI, however the one at 12.5 seems somebody closed the position and opened new positions hence the 4k volume is not reflected in OI.
Seems someone sees stock going to 10 before to 20.
I am long MNTA, anybody has any alternative analysis of option play being setup here?