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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 689.100.0%Jan 23 4:00 PM EST

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To: Clint E. who wrote (17505)8/5/1998 1:53:00 PM
From: Tiley  Read Replies (1) of 69977
 
Clint and Suresh,

The option trades on UNPH seem to be part of a collar (as the earlier trades were). Buy Aug45 Puts, Sell Dec60 Calls. (I think its 0 cost). So someone long UNPH is presumably buying protection for this quarter's earnings by selling Dec60 Calls,

Later,
- MJ
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