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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (3408)2/22/1998 8:19:00 PM
From: Lazlo Pierce  Read Replies (1) of 18691
 
Re: BFIT options, I took a look, and the Fri activity is very interesting, It looks like someone bought 300 Mar 25 puts @ 5/8, and someone (the same person perhaps), sold some Aug 17.5 calls @ 9 1/2. While I can't tell for sure, the fact that the calls were near the bid, indicates a sale, and the puts were closer to the ask, which indicates a buy. As there was not much action in these, the 300 contract play is a relatively big one, and I would guess funded from the sale of the calls. We'll see if it means anything at all. Here's the link to the page.
206.7.107.50

Dave
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