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Technology Stocks : Cohu, Inc. (COHU)
COHU 23.23-1.7%3:59 PM EST

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To: EACarl who wrote (6400)7/28/2017 1:01:38 PM
From: robert b furman  Read Replies (1) of 7827
 
Hi Eric

just goes to show what control the market maker has on Cohu.

Any fast rise over 20.00 will be hammered down. Keep in mind the big open interest of puts and calls with in this month.

CALLS:

1,790 @ 20.00

4,580 @ 17.50

987 @15.00

PUTS

22 @20.00

741 @17.50

3650 @ 15.00

He needs to keep Cohu below 20.00.

If Cohu stays above 17.50 - the MM has to cough up 556,700 shares - a lot of which he bought below 16.

Over $17.50 a lot of $15.00 and $17.50 puts expire worthless.He more than likely sold them and has some cash to offset the 987 15.00 calls that were under water as the recent low only got to 15.55.

I'm thinking we're going to see a battle brewing at 20.00 till expiration on the 18th.

screencast.com

THE FRUSTRATION OF STRONG MARKET AKER CONTROL WILL BE SEEN ON THE EUPHORIC FAST PRICE MARK UP PHASE OF COHU.

Cohu will fly higher on a percentage basis than almost all other stocks - but all in due time.

Patience my friend.

Bob
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