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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?


To: Sleeperz who wrote (1034)5/26/1998 6:14:00 PM
From: Porter Davis  Read Replies (2) | Respond to of 1598
 
Damn, I just erased my whole post!

So I'll just respond to cl's question...apparently the Sep TIPs trade you asked about was an institution putting on a 'tripo'--bought 1MM TIPs, bought 10,000 puts, sold 10,000 calls. Might be for tax reasons or portfolio dressing, hard to say what. Thanks to Dave S. for the info.

Big reversal today; looks like more selling ahead.

Happy trading.

Porter