Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (44838)	10/16/2011 4:39:39 PM
From: Sergio H	Read Replies (2) \| Respond to of 78661

GLW schaeffersresearch.com <it looks like speculators employed puts on GLW for different reasons. By the close, the stock had seen around 12,000 puts traded -- almost twice its average daily put volume, and more than double the number of GLW calls exchanged. Most popular was the at-the-money November 13 put, which saw around 5,000 contracts cross the tape -- mostly at the bid price, suggesting they were sold. Plus, put open interest at the back-month strike ballooned overnight, confirming our theory of sell-to-open activity. By writing the puts to open, the sellers are expecting GLW to remain north of $13 over the next month or so.>