Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.872

+4.5%

Dec 4 3:59 PM EST

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To: Weekapaug who wrote (453)	12/1/1997 12:16:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Hi Ken, actually I was just going to bed. Bad habit of staying up late and watching other markets these days. I wrote Dec. 95 puts on Friday for 2 1/2. Not the best deal, but I wanted to get in before the weekend. I had a thought the other day and have spent a lot of time this weekend trying to find an archived copy of the following story. "Brazil's BNDES to sell 300 Million Reals in options on TBR- 6 Months strike price of 132 reals...these are puts their selling...see Boomberg news for full details...." I remember the story coming across the newswires but didn't save it. This reference was from Scott, post 218 on this thread. If I understand correctly these would equate to 120 puts. Not sure if they expire February or March. These folks put some big bucks on the line. If anyone has a copy of the press release...please post. Thanks. sf

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