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Pastimes : NNBM - SI Branch -- Ignore unavailable to you. Want to Upgrade?


To: lurqer who wrote (26946)6/18/2003 10:09:50 AM
From: Clappy  Read Replies (1) | Respond to of 104215
 
Assuming you haven't slipped over an event horizon, did you notice?

Message 19039645;

Looks like a Collar of Jan '05 leaps.
I wonder what the strategy is there?

Was it someone (group) buying those or selling those (to the
market)?

Is it a bet that the market stays range bound?

Is it a bet that it continues to break upwards before some
sort of terroist strike before '05?

Did some smart dude calculate that the implied volitility
right about now is so high that it pays him a nice fat
fixed percentage by playing it?

Got any thoughts?

Later. Gotta get back to the job site...

-ClapOff