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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (197981)10/16/2002 6:26:01 PM
From: mishedlo  Read Replies (2) of 436258
 
Max Upside is 72 (I would guess) no time for too much of a ramp as it needs to be under 70 by Friday lest 34K calls go ITM. Would not want that to happen now would we.

Of course if things go TOTALLY ape sh*t, the pain ramp should stop at 75 where there is another 30K of calls.

Had this not been expiry I would have easily expected a ramp to 75. Does not seem to be much time for that.

Prediction: close at 67-68 on Friday.
We will see.
Sell the OCT 70 calls?

M
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