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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (25626)	9/5/2007 11:28:27 PM
From: SI Bob	Read Replies (1) \| Respond to of 25711

Some of our faces older than others, eh? Welcome back again. :)

To: Joe Copia who wrote (25626)	9/5/2007 11:36:07 PM
From: SI Bob	Respond to of 25711

While I'm here, and since it's a daytrades/investments board, a favorite lately has been WPL. I've been flipping a tiny amount in a trading account, have a sizable position in my long-term account (gotta love the 6% dividend). It had some REAL interesting options activity today and what made it extra weird to me is that I'd decided to take the plunge on some Oct $10 calls strictly for a quick flip. Check out this chain for September: CALL OPTIONS Expire at close Fri, Sep 21, 2007 Strike Symbol Last Chg Bid Ask Vol Open Int 7.50 WPLIU.X 3.30 0.70 3.10 3.30 1,176 71 10.00 WPLIB.X 0.70 0.00 0.80 1.40 80 167 12.50 WPLIV.X 0.15 0.00 N/A 0.50 22 689 15.00 WPLIC.X 0.05 0.00 N/A 0.10 1,000 1,915 PUT OPTIONS Expire at close Fri, Sep 21, 2007 Strike Symbol Last Chg Bid Ask Vol Open Int 7.50 WPLUU.X 0.25 0.00 N/A 0.35 0 35 10.00 WPLUB.X 0.90 0.00 0.20 0.70 295 253 12.50 WPLUV.X 2.65 0.00 1.85 2.30 650 665 15.00 WPLUC.X 4.20 0.20 4.00 4.50 1,000 1,908 17.50 WPLUW.X 7.52 0.00 6.40 7.30 100 100 Weird or what? Very little open interest in the front month and in one day the total options volume (on both sides) is substantially higher than the total open interest.