Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: mishedlo who wrote (1381)	1/25/2002 8:10:52 PM
From: Dave Gore	Read Replies (1) of 16631

Mishedlo, I wanted to comment on something you said which was <There was an enormous # of MSFT calls at strike 70 last expiry and there was simply no way the option sellers would let MSFT close above that, regardless of earnings.> I think that normally you are right, however, once in awhile the folks that normally do a lot of writing switch and a lot of buying. I saw MSFT call options rise about 15 times (i.e. 1500%) almost overnight a couple of earnings seasons ago. I think they also did it recently with SYMC, FNM, and HAL. BTW - are you Canadian? I noticed you use the word "expiry" just like my friends up north.

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