The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: ynot who wrote (59055)	9/13/1999 4:48:00 PM
From: R.E.B.	Read Replies (2) of 90042

CS info - Another thing I thought was curious, there were over 1,000 contracts traded on the SEPT $20 Call at around 50 cents each. Granted, that's not much of gamble, but with so little time a lot of folks are betting the stock will go up this week. I checked and most of the transactions appeared to go off at the ask, which tells me it was not call writing or naked call selling. I would think with all the speculation about a takeover, you'd be taking a big chance to pick up that 37 cents (on the bid) just to write some out of the money calls. I have to conclude that it was call buying and betting on CS to exceed $21 by the end of the week.

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