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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (57707)11/18/1998 8:09:00 AM
From: Patrick Slevin   of 58727
 
Funny you should mention Cohen, at one time I had a friend who was able to find out where certain unusual blocks of options were coming from.

I don't recall if I was posting here or on Stock Swap at the time but one Tuesday she came out with a major bullish proclamation and my friend told me the next day that traders at her firm bought 2,000 OTM OEX puts. They were over 20 points OTM. I must have been on Stock Swap because it was pre-OEX split.

Anyway, by the following Monday they were 13 points ITM.

I'm not saying she had anything to do with it; perhaps the traders were either working an unusual order or they saw something she did not. But it was quite startling at the time.
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