SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : CompUSA (CPU)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SG who wrote (2617)6/13/1999 12:14:00 PM
From: stock talk  Read Replies (1) of 3187
 
CompUSA (CPU - 8) – Hoping For Single Digits

In yesterday's trading, the June 10 call on this computer retailer was
surprisingly active. Over 2,000 contracts crossed the tape, with virtually all of the activity translating into new open interest. The activity is unusual in that it comes on an option that is 25-percent out of the money with less than eight days until expiration. Most of the activity came from five block trades ranging in size from 250 to 740 contracts. These blocks all changed hands at 1/8 and were likely initiated as call writes by a trader betting that CPU will remain below 10 at June expiration.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext