jonkai and all, another put story from Schaeffer's:
) Schaeffer's Option Activity Watch: 1. Apple Computer (Nasdaq:AAPL) saw its put open interest for the front three months of options increase by 9,094 contracts yesterday to 59,808. The October 12.50 put seems to be responsible for this increase, with many large- block trades changing hands yesterday afternoon. During the two o'clock hour, trades of 100, 2,000, 2,000, 4,00 0, and 1,000 contracts executed at $0.40. The previous hour had trades of 200, 300, and 1,000 contracts hitting at $0.50. Open interest at this option increased by 9,011 contracts on volume of 10,666. The trades in the two o'clock hour occurred at the bid price, indicating that they were probably put sales. The trades before that occurred at the mid price, making it impossible (without directly contacting the exchange) to know if they were buys or sells. The only news from AAPL yesterday was the company's announcement to use the Mac OS X as its only operating system. It's doubtful this news caused these option plays. It's more likely that these put sales were institutional bets.... |
