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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: gregor_us who wrote (24759)1/16/2005 5:23:48 PM
From: orkrious  Read Replies (1) | Respond to of 110194
 
I was talking about this with a trader in NYC last week, who's fund is doing a tremendous about of call selling all over the place, and he said they had already concluded the same thing about GOOG. They're not touching it.

isn't this a contradictory statement? the fund is selling calls but they are staying away from it?



To: gregor_us who wrote (24759)1/16/2005 5:39:15 PM
From: russwinter  Read Replies (2) | Respond to of 110194
 
I'm pretty sure you can't "sell short" when you are in a lock out period, as that would be the same as a sale. You may be able to sell calls, but if it's called away, that's a sell, and somebody has to pony up real money for it, to the tune of $20k per 100 per shares at present. There are millions of shares coming unlocked, so we are talking about the need for billions of dollars being scraped up to buy this tulip. Just doesn't make sense with domestic fund outflows three weeks running,
amgdata.com
and seemingly little real buying interest except for isolated hot stocks. Just doesn't look right.



To: gregor_us who wrote (24759)1/17/2005 3:50:41 PM
From: ild  Respond to of 110194
 
<<<doing a tremendous about of call selling all over the place>>>

IMO this is why VIX/VNX are so low. Selling volatility has been a great game since 9/11. I think this game is pretty close to the end.