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To: katytrader who wrote (157011)9/15/2011 9:59:16 AM
From: CommanderCricket  Read Replies (1) | Respond to of 206110
 
katy,

Agree - they are going to peg IOC at $60 tomorrow. Not enough volume makes it easier for the specialists to move it around a little.

Could rip anytime but suspect a slow day today for IOC

How about sell the Sep $60 puts for $1.65? About a $1 in extrinsic value for 2 days.

Michael