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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: TREND1 who wrote (9275)1/22/1998 4:09:00 PM
From: Broken_Clock  Read Replies (1) of 95453
 
Thread,
Does someone know something we don't or are there people just being really dumb...SLB had nearly 5,000 FEB 80 calls sold today! 70 & 75 calls came in at 1134 each(spread?).Puts were 1309 at 70 and 2503 at 65. My guess is that the majority are expecting a rebound in the next month.Those call premiums really get trimmed on a day like today.

Dave
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