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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: TraderXx who wrote (3348)9/28/1998 7:18:00 PM
From: Mr. Pink  Read Replies (3) | Respond to of 18998
 
That's what options are for. Mr. Pink was able to purchase 1,000 FP November 25 Puts this morning at 7 3/8, an outrageous 180 volatility. (He also sold the Jan 20 puts for 3 3/8 to suck up some volatility)

The puts went out 12 bid, and mr. Pink's bet was a winner.

Mr. pink