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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (59123)9/16/2010 7:08:51 PM
From: Kirk ©  Read Replies (1) | Respond to of 208031
 
Hope you get to put that second pair to good use! ;)
Quad witch expiration is often fraught with peril. Note how Finny went from just under the 12.50 option number to just under $17.50 today. It has high volume so I expect monkey business behind much of this move... but it might have been to push it to the downside for a payday tomorrow. I betcha they sold a bundle of puts at $12.50 that will be worthless Monday. All the option heads on TB were yapping about protecting profits... and I believe that was one of the better stocks YTD then... so they had the salesmen pushing puts... and now it is up nearly double and the salesmen are happy.

Just ran the numbers and even after this climb, it is as good a value today as it was last month at more than $3 cheaper... so I take profits for a potential pullback but the upside is immense.. just as it is for many of our favs... Are they giving away semi capx stocks yet with a fill-up in TX?