Option Spreads, Credit my Debit Message Board

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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: KFE who wrote (1905)	1/16/2001 6:43:52 PM
From: KFE	Read Replies (2) of 2317

Someone is going to jail! I was monitoring unusual options volume this morning when a stock I never heard of popped up(ALLR). It clearly was not a hedge and the volume was way beyond unusual... it traded over 20,000 contracts in large blocks early and it continued until it traded over 40,000 contracts. The open interest was 110. It kicked out on the free option volume monitoring sites in the afternoon. I look for takeover plays by monitoring unusual volume and unexplained IV spikes. I usually have to know the stock but the trading was so unusual that it smelled of unsophisticated insider trades (they will be caught) that I took a shot. Buyout announced after the close. Sometimes you get lucky. The last time I played a takeover on unusual activity it was on NITE and I was not so lucky. Regards, Ken

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