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Technology Stocks : Cohu, Inc. (COHU)
COHU 23.55-0.8%Dec 24 9:30 AM EST

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To: Woody who wrote (6357)5/19/2017 1:05:46 PM
From: robert b furman  Read Replies (1) of 7827
 
Hi Woody,

Thanks.

The open interest in puts and calls is unusually large for both the months of May and August.

I have complete belief that the MM has made the 20 calls worthless and wants to get the price below or as close as possible to $17.50.

He's made a killing on the 20's as they've become worthless and if he averages in them with the 17.50's he's in the money now.

Ant stock bought below 17.50 is a money maker upon expiration tomorrow.

I think he's just working the entire package of business.

Thank you again for your valued analysis!

Bob

May open interest - calls

22.50 - 137

20.00 - 535

17.50 - 706

15.00 - 340

12.50 - 176

May open interest - puts

22.50 - 5

20.00 - 64

17.50 - 97

15.00 - 19

12.50 - 180

732 calls expire worthless but he needs 1222 contracts are in the money = 122,200 shares get sold out of inventory as a loser.
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