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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Kevin Podsiadlik who wrote (2650)9/6/1998 3:12:00 PM
From: John Rowton  Read Replies (2) of 18998
 
I obviously was not very clear in my wording of the statement.
I am currently long one stock ( beaten down oil driller) and
short 4 others. What I am trying to say about FP is the option
activity does not reflect the obvious deteriorating fundamentals
and I was wondering why. Look at both the Oct 20 calls and puts
and I just cannot understand why there is more premium
in the calls than the puts with the obvious problems we are
having in the market. Also, notice someone buying over 800 of
the obviously rich oct 25 calls. Just something to look at.
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