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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (11070)	7/6/2007 5:17:56 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 19257

RSH- I didn't buy into Najarian's HLT call because every other one of his calls followed was wrong. I'd say these speculators ae wrong as well. --- RadioShack calls heat up after fund reveals stake Fri Jul 6, 2007 2:47PM EDT CHICAGO, July 6 (Reuters) - Bullish activity in RadioShack Corp. (RSH.N: Quote, Profile, Research) options picked up steam on Friday following news earlier in the week that hedge fund D.E. Shaw built a 5.1 percent stake in the consumer electronics retailer. In afternoon trading, a total of 9,696 calls compared to 4,215 puts traded in RadioShack, way above Thursday's tally of 1,349 contracts, according to market research firm Track Data. "We think the catalyst for the call buying today is the stake by D.E. Shaw," said Jon Najarian, co-founder of Web information site optionmonster.com in Chicago. "This may have flown under some folks' radar screens. I think people are reacting to this today." According to Najarian's computer model, only 287 calls, giving investors the right to buy RadioShack shares at a given price and time, changed hands on Thursday, significantly below June's average daily call volume of 2,399 contracts. Among the busiest options were the August $35 and October $40 calls. Both strikes had volume that exceeded their contracts outstanding, indicating new positions were initiated and higher premiums. D.E. Shaw & Co. reported in a regulatory filing on Monday that it holds a 5.1-percent stake in RadioShack, or 6.92 million shares. The fund reported its holdings in a "passive" filing with the U.S. Securities and Exchange Commission, which means the reporting entity does not have to provide details such as when it bought the shares or their price. The filing also does not reveal the purpose of the transactions. RadioShack shares rose 1.97 percent, or 67 cents to $34.76 on the New York Stock Exchange in afternoon trading. © Reuters 2006. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.