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bhtaylor29

08/08/12 9:18 AM

#123005 RE: tradewins3 #122977

I agree, the put buyers are estatic. But they ones who sold those option contracts..not so much. The seller of the contracts will have to cover and they usually wait until the last day (Friday) to do it. The pattern I have noticed with PCLN and APPL is that when they take huge hits down during the week, alot of times it spikes up during power hour on Friday. We shall see.