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.
Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 183.76+2.0%1:17 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Inine who wrote (53569)12/11/1999 1:23:00 PM
From: TShirtPrinter  Read Replies (2) of 152472
 
Comments anyone ?
Yesterday, Fri. Dec 10. the Q seemed to be down to about 390 forever. I was sure I could sell some Jan 350puts and all day long they stayed around 19/20 ish. With the stock down almost 7 or 8 pts no increase in value in the puts. Then about 2:15, with only 80 contracts or so all day, my screen goes to 350 contracts last price $23 1/4. I couldn't type fast enought to sell 10 @ $23 and in a minute the bid was back to $20. I never got executed but I can't help but think the MM in these options are looking for an increase in stock price. The picture is clear in my mind, the details are from memory.

Disclaimer: long Q, almost off margin thanks to Uncle Frank, having fun picking up $ on puts thanks to Rose & Jill.

Tony
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext