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Technology Stocks : Cohu, Inc. (COHU) -- Ignore unavailable to you. Want to Upgrade?

To: EACarl who wrote (6348)	4/28/2017 2:06:08 PM
From: robert b furman	Read Replies (1) \| Respond to of 7827

Yes there are two 800 pound gorillas in August 5,010 15.00 puts and 4,670 12,50 puts . THOSE ALL EXPIRE WORTHLESS IF THE PRICE STAYS OVER $15.00. When I saw that trade come on though the open interest I just marveled at that. At the same time all of those 500 - 700 calls spread out from 12.50 to 20.00 also showed up at the same time. Some one put on a synthetic long trade sold the puts and bot the calls. All of that action was concentrated on the May and August contracts - those that would be after an earnings webcast. Makes me wonder how anyone can place a sell to open 5000 put contracts. That's 500,000 shares! at 15 and 467,000 at 12.50. That's definitely an institutional play. Who ever that is - has an account with a whole lot more marbles and Cajones than me.<smile> Yet 644,000 shares have traded as I type - that's a huge bump in volume of late. There are more big players moving Cohu of late. I guess that's you! Bob