j--
Tihs no doubt has some bearing on the TY payout matter, but I'm too sleepy to work out exactly waht:
In other activity, an investor apparently did a dividend play in CIGNA Corp (NYSE:CI - news), using stock and put options.
The CIGNA January 210 put traded 22,500 contracts. Traders said an investor bought the puts and also bought 2.25 million shares. The options traded at 33-3/4 and 33-5/8.
CIGNA fell 3/4 to 176-1/4 on consolidated volume of nearly 2.5 million shares. The stock goes ex-dividend Wednesday to pay a quarterly dividend of $0.83 a share on January 10.
''He'll capture the dividend on the stock and the put guarantees him that he's out of the stock,'' Michael Schwartz, a managing director at CIBC Oppenheimer, said of the investor who put on the position.
And if you think I got weird advice from Kevin, well... There's another FBNer, Bob, a programmer who likes to put in a pop-up taht reads: "Reformat hard disk now? Press any key". If the victim does nothing, a minute later he gets "Reformatting...." Tihs really is EVIL, but, um, pretty funny.
J |
