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rupert

01/15/06 10:37 PM

#69645 RE: highlandpk #69644

higlandpk

So far 10 out of 10!

M-P is at $27.50 now but moving to $30. I realise that it is only one factor probably to be swamped by others during an earnings month. For the option writers to force it to $30 (or $27.50) in the two days after earnings will require massive help from a post-earnings drop. We all know the factors that usually contribute. There are some new ingredients this quarter. (As always, there is also the possibility that this time will be different - there are new ingredients on that side of the equation, too.)

Would you buy the February puts after a drop or before earnings? I noticed you dropped your comfort zone from $30 to $27.50