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Strategies & Market Trends : Ask DrBob

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To: 1newportbeach1 who wrote (3115)9/2/2000 8:14:08 PM
From: Louis V. Lambrecht  Read Replies (1) of 100058
 
Oops - NAVI Sep 45 puts

Someone sold 10 contrats Friday, what a volume.
That OI has been build on Aug 21 (176, first trades ever) and Aug 22 (330) between $3 3/4 and $4 1/2.
That is a $100K play.

NAVI printed a high of 53 3/4 on Aug 16, and a low of $42 on Aug 22, someone must have been expecting another slip 36ish: would have made an easy double (ROI +125%). But as I said in the other post, I see no pattern in NAVI's price. Bad TA IMHO.
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