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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: dazzled who wrote (9561)2/3/1999 1:09:00 PM
From: Casaubon  Read Replies (1) of 14162
 
I was curious if some people with more experience could comment on a couple of observations. First, yesterday Lehman Bros., a market maker for vertex, issues a downgrade from $60 to $34 12 Mo. projection. The talk on the yahoo message board was that Lehman was manipulating the market to cover their short position. Then today, somebody picks 150 contracts of the april 35 calls on VRTX. This is very unusual volume for the VRTX options, and of course very bullish! I was just wondering if someone could give me some insight to this possible market manipulation by market makers.
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