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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (63269)1/9/2003 10:37:40 PM
From: John Madarasz  Read Replies (1) | Respond to of 209892
 
here's an interesting options question...

"A massive spread of about 9,000 contracts each at the deep-in-the-money SPX December and June ('04) 500 calls went off right around the 409 level late in Wednesday's session, basically at their intrinsic value given that the S&P was trading in the 909 area at the time the trades were executed. Why go so deep in the money?

...(this)Amounts to $973 million in SPX dollar volume"