Vip--
Yes, there's huge open interest in NOVL May 10 options--both puts and calls. This has been the case since early January. You weren't on SI then, so you probably don't know that an options market maker for NOVL reported then that one day somebody (just one person) sold 10,000 May 10 put contracts. At the time it might have made sense as part of a combination--maybe a put calendar spread??--but if so by now it would have failed and so been unwound. I think. So it would seem that whoever it is is very sure that NOVL will be above 10 by May expiry. There never was all that much activity in Aprils--though it's interesting to note that open interest in March 12.5 calls is over 15,000. Does somebody know something or is it just that they're awfully cheap? (But then pros don't buy losers just before expiry just because they're awfully cheap.)
Carl Icahn: I heard it on CNBC one morning last month when I was in the States. Big pre-open story, I thought the stock would get hit, and then nothing whatsoever happened, though the news was indeed later confirmed.
Yes, the QDEK Tick/Volume chart is strange. QDEK is a real disaster area--poor things, a hideous example of what can happen to you when you compete directly and simultaneously with MSFT and NSCP. They have--or once had--pretty good technology; I made a bundle off 'em in '95. But times have changed rather dramatically. So: is there really bigtime accumulation here? If so, I'd guess that a takeover may be in the offing. But I haven't followed them in a long while, and so don't know what they might have that someone else would want.
I think we'd all appreciate it if financial sites--not just Stocksmart, but everyone else including Bloomberg, too, would offer more current information about institutional holdings. This stuff has to be filed within 45 days of end-of-quarter; why can't it be made available more quickly?
Janice |
