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Non-Tech : The Critical Investing Workshop
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To: Jim Willie CB who wrote (8522)3/21/2000 5:37:00 PM
From: Clappy   of 35685
 
Jim Willie, you wrote:

first, BEFORE they bust the upside, they accumulate option calls quietly
in a matter of a few days or a couple weeks, premium pumps up the whole option chain out of the money


Take a look at CRA's calls:

(Their current price is ~100.)

DESCRIPTION LAST BID ASK CHG HIGH LOW VOL OI SYM
------------- ----- ------- ------- ------ ------- ------- ------ ----- -----
C APR00 72.500 0 0 0 0 0 0 0 0 CRADV
C APR00 75.000 0 0 0 0 0 0 0 0 CRADO
C APR00 77.500 0 0 0 0 0 0 0 0 CRADW
C APR00 115.000 10 5/8 10 1/2 13 1/2 -2 1/2 12 1/4 7 5/8 209 0 CZADC
C APR00 120.000 8 1/8 10 12 -1 7/8 10 3/4 5 1/2 36 0 CZADD
C APR00 125.000 0 7 3/4 9 3/4 0 0 0 0 0 CZADE
C APR00 130.000 8 1/4 7 5/8 9 1/2 -2 8 1/4 4 1/2 129 543 CKADF
C APR00 135.000 6 1/2 6 7/8 8 7/8 -2 5/8 5 5/8 5 17 179 CKADG
C APR00 140.000 6 5 7/8 7 7/8 -1 7/8 7 3/8 4 1/2 59 224 CKADH
C APR00 145.000 4 1/2 5 1/4 7 1/4 -2 1/2 5 1/4 5 1/4 3 225 CKADI
C APR00 150.000 5 1/2 4 7/8 6 -1 5 3/4 3 3/8 118 396 CKADJ
C APR00 155.000 5 4 1/4 5 3/4 -5/8 2 3/16 2 3/16 15 341 CKADK
C APR00 160.000 4 1/2 3 3/4 5 1/4 -1/8 4 1/2 2 15/16 35 173 CKADL
C APR00 165.000 4 3/8 3 1/4 4 3/4 -1/2 3 3 3 72 CKADM
C APR00 170.000 3 3 4 1/2 -3/8 3 2 9/16 7 49 CKADN
C APR00 175.000 2 1/4 2 11/16 3 5/8 -1 3/8 2 13/16 2 1/4 3 111 CKADO
C APR00 180.000 3 2 5/16 3 1/4 +5/16 3 2 7/8 6 88 CKADP
C APR00 185.000 8 2 3/16 3 1/8 0 0 0 0 13 CKADQ
C APR00 190.000 1 3/16 1 3/4 2 11/16-1 5/16 1 3/16 1 3/16 2 135 CKADR
C APR00 195.000 9 1/2 1 11/16 2 5/8 0 0 0 0 17 CKADS
C APR00 200.000 1 5/16 1 5/16 2 1/4-1 3/16 1 7/8 1 1/4 17 159 CKADT
C APR00 210.000 3 1/8 1 1/16 2 0 0 0 0 40 CKADB
C APR00 220.000 1 1/2 11/16 1 5/8-1 7/16 1 1/2 1 7 87 CKADD
C APR00 230.000 1 1/2 1/2 1 7/16 -1/2 1 3/4 1 1/2 16 74 CKADU
C APR00 240.000 1 13/16 1/2 1 1/8 0 1 13/16 1 13/16 1 68 CKADV
C APR00 250.000 15/16 1/8 1 1/16 -3/4 15/16 15/16 8 74 CKADW
C APR00 260.000 3/4 0 15/16 -11/16 1 1/2 1 1/2 5 144 CKADX
C APR00 270.000 3/4 0 15/16 -2 5/8 3/4 3/4 1 54 CKADA
C APR00 280.000 1/2 0 15/16 -5/8 1 3/8 1/2 25 201 CKADE

These are all out of the money due to the fast fall.

Will the houses profit by allowing CRA to begin shooting up again?

I haven't checked, but I'm guessing a lot of the beaten up biotech options look like this.

What do you make of this?

-TheThoinKing
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