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To: JRI who wrote (5053)6/14/2001 2:43:54 PM
From: The Freep  Respond to of 209892
 
Kinda OT (or not)

Someone just bought 1000 contracts of the July 650 SOXX put. (I checked them, cuz I wanted to see how much profit I'd "left on the table" by selling mine this morning. I am NOT the 1000 contract fellow). At 64 bucks per contract. . . well, let's just say that someone with BIG MONEY is either hedging or betting or. . . well, anyway, I've never spotted such a huge move before, not that I follow SOXX puts religiously. . If anyone has thoughts on this, I'd like to hear them.

the freep