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To: oldirtybastard who wrote (4421)7/18/2000 9:23:19 PM
From: 10K a day  Read Replies (2) | Respond to of 436258
 
OILY....I totally agree....I thought the semi's would tank by now just based on options alone. INTC was up in the stratosphere with Call dollars...



To: oldirtybastard who wrote (4421)7/18/2000 9:46:08 PM
From: chic_hearne  Read Replies (1) | Respond to of 436258
 
Re: "with 3 days left till exp, the primo on the amd july 90's is still over 3...a point a day to play ! its staggering, really... "

There's a sh*t load of July 90's and 95's open interest that needs to expire worthless


ODB, I agree most of this crap will expire worthless. Go long now, sell at the gap open Thursday and go short, cover Friday and go long, Monday should see a good pop after the expiry and sell then. This exact pattern has happened the prior 3 earnings. OTOH, an announced 2 for 1 or 3 for 1 and blow out earnings and guidance could give this thing enough life to really screw the options writers....