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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (62900)6/6/2006 4:09:37 PM
From: UncleBigs  Read Replies (1) of 110194
 
looks like 15,000 oct 65 calls traded mostly on the bid and 22,400 oct 60 puts traded mostly on the ask.

selling the calls to buy the puts is a big bear bet. I've been short lowes for awhile and think it's going lower but I've never seen this level of bearish sentiment in their options.
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