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To: Broken_Clock who wrote (9282)1/22/1998 4:38:00 PM
From: waverider  Read Replies (1) | Respond to of 95453
 
About SLB calls...Dave...

O.K. let me get this straight: About 5000 FEB 80 calls were traded today with a loss of $3 7/8ths (you say sold...why not bought?). There were about 254 FEB 80 puts traded today with a gain of $6.

Based on this and the data you provided, why would you guess the majority are expecting a rebound next month?

And man, did those premiums get whacked. Interestingly the CDG August calls weren't touched.

Diamond H