calls are cheap (less implied volatility)--risk reward not good.
That is why i have been buying call options (and planning some more buys if the opportunity arises).
In addition, those settlement talks stories coming out of the WSJ, could also provide a pop in the volatility.
quote.bloomberg.com
Microsoft, Justice Department Met to Seek Settlement, WSJ Says
Redmond, Washington, June 25 (Bloomberg) - Microsoft Corp. and Justice Department officials secretly met to search for a way to settle the company's antitrust suit, the interactive edition of the Wall Street Journal reported, citing people familiar with the situation. The meeting took place at the Justice Department three weeks ago between William Neukom, Microsoft's general counsel, Joel Klein, the Justice Department's antitrust chief, and senior state officials. The meeting, which didn't produce a breakthrough, though ''the dialogue is going to continue,'' and the sides agreed to meet again, the newspaper said.
The government concluded its ground-breaking antitrust trial against Microsoft yesterday, leaving a federal judge to decide whether the government proved the software giant is an illegal monopolist. (The Wall Street Journal 6/25 www.wsj.com)
NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min
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