Jorj, I, too, am interested in AOL. However, my concern is the much talked about (here in lala land, anyway) looming actor/writers strike, coming this summer to a theater near you (even those that have filed chapter 11). <g>
That will definitely affect TWX. (sshh-btw, maybe big report is another contrarian indicator)
Just saw this - need to check the max-pain in a week or so.
Put Options Fly in AOL and Texas Instruments
By Dan Colarusso
Associate Editor
2/23/01 12:37 PM ET
. . . But traders were playing put options in some significant size on America
Online-Time Warner (AOL:NYSE - news) and JDS Uniphase
(JDSU:Nasdaq - news). At the same time, trading began Friday with a
position being built on more than 11,000 March 55 calls on Microsoft
(MSFT:Nasdaq - news). . .
. . . The AOL action was huge, as more than 50,000 of its March 45 puts changed
hands. That action pushed the price of those puts up 80 cents to $3.90. AOL
was down $2.63 to $42.28 at midday.
That traffic made the 15,000 contracts that traded in JDS Uniphase's March
35 puts seem downright paltry, as the stock fell $1.13 to $29.44 at midday.
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