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Technology Stocks : WDC/Sandisk Corporation
WDC 159.33+2.4%11:35 AM EST
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To: alanrs who wrote (35335)2/18/2007 11:22:24 AM
From: BWAC  Read Replies (2) of 60323
 
<While a retail client might have a hard time, a large institutional one may not. Funny how that works.>

Yes, but I doubt its going to be funny to anyone retail who had sold $40 Puts or was intending to have their stock called away at $40 in a covered call situation.

Some of those people will have a nasty surprise when they log onto their account Tuesday.

Of course there will be a few hedge funds caught as well. Should be interesting, wonder if they can paint the tape up anywhere near 40 for a few brief seconds to get out.
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