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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?


To: Barron Von Hymen who wrote (879)3/31/1998 10:16:00 PM
From: Stockjet  Read Replies (2) | Respond to of 9523
 
Barron Von Hymen: Yes, the market makers' monthly call squeeze always concerns me. I consider the open interest in selecting the strikes to buy and I watch it very closely as the last two weeks approach. If I'm holding calls that are slightly in the money or slightly out of the money and the open interest in them is very large, I bail early.

Right now, I think the April 95s are safe, but the April 100s concern me, some. However, I think they'll be deep enough in the money at expiration that the MMs won't be able to touch them.