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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 683.04-0.1%Dec 9 4:00 PM EST
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To: Clint E. who wrote (17451)8/4/1998 1:20:00 PM
From: Tiley  Read Replies (2) of 68892
 
Hi Clint,

Actually, I recall reading an article about a large options bet on UNPH. A trader sold 55C (perhaps Nov/Dec) to buy 45P for August. Could be protection as you say. It would be pretty stupid to make a cautionary statement in an environment like this. As you say, the stock could close at 48 and open at 24 (:-)) on a cautionary statement.

BTW, I think we hit the short term market bottom today.

Later,
- MJ
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