Gary,
The August options were traded actively last Friday afternoon. I have a couple of questions and would appreciate a quick analysis from you, Glenn or others:
Call contracts:
1. Aug 70, Friday's volume was 495 contracts, premium $49. ( B/c the OI before Friday was only 45 contracts; therefore we know that it was not for closing purpose.)
495 contracts @ $49 = $2,425,500.
Someone(s) spend $2.5 million to purchase those calls? Or Selling via call writing?
2. Aug 75, Friday's volume was 546 contracts, premium $44. (OI before Friday was 151)
546 contracts @ $44 = $2,402,400.
Same questions as above.
3. August 130, Friday's volume was 820, premium $8 to $9.
4. August 135, Friday's folume was 1,091, premium $6 1/2.
Questions for #3, and #4:
B/c they are out of the money, with relatively affordable premiums, they maybe the "Call speculations" again. The same players PLUS are betting a pre-earning run-ups? How much force do they have this time?
I will print the options table later tonight when OI is available for Friday closing and compare.
Thank you very much in advance for any comments.
Jan |
