>>>>> KNTIC 15 2 1/8 2 1/2 2 5/8 [1,228] 1 31/32 27.08
H.F./Tim:
What makes me exited over todays call volume is that someone,
an institution, etc. made approx. a $325,000 "bet" that KNT
will be over $17 5/8 by third friday in Sept (that's to break
even). If you take the 1228 Sept 15 calls they paid $2 5/8
for, thats much too large an amount to chance losing (should
it be under $17 5/8 on expiration day, they lose everything.
I could well understand the price increase given an analyst
upgrade today, but combined with todays call volume, someone
knows KNT will happen before the third friday in Sept.
Skane
P.S. 100 calls = 10,000 shares, so if only 100 calls
were bought, that's over a $25,000 "bet" |
