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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (14906)5/10/2005 3:17:08 PM
From: BWAC  Read Replies (2) | Respond to of 25522
 
"speculation that a number of hedge funds have come under pressure due to steep investments in the stock and debt of troubled automaker General Motors Corp."

Oh I don't believe that. But someone somewhere thinks GM goes busto by Jan 2006 based on the huge Put position at the $10 strike that has existed for awhile. 217,000 contracts. (For perspective, the largest near month at the money strike only has about 1/10th that amount.)


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