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Strategies & Market Trends : Tech Stock Options
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To: j g cordes who wrote (30357)12/4/1997 4:08:00 PM
From: James H. Irwin  Read Replies (1) of 58727
 
Don't know if you heard, but on CNBC I caught the tail end of a story stating that a large buyer paid a premium of a couple points to crack the 6% yield number on the bond future. The quote I heard was "trophy trade," implying that somebody wanted to establish a breakout...on the short term...you know what they say about a fool and his money...I always thought they were lucky to get together in the first place.
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