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Strategies & Market Trends : Guidance and Visibility

AAPL 276.46

+2.6%

Feb 4 3:59 PM EST

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To: SusieQ1065 who wrote (64836)	8/5/2002 9:44:42 AM
From: Softechie	Read Replies (1) of 208838

Wow...Somebody is not very confident in our rally potential. They accumulated a 50,000 contract position in the Oct-80 DJX puts at around $5 today. This is a huge $25 million bet that the Dow will be below 8000 by expiration in October. This bet could just be that it will drop below 8000 sometime soon or at anytime between now and October 18th.

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