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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: JeffA who wrote (26780)4/12/1999 9:40:00 PM
From: Tim Luke  Read Replies (2) | Respond to of 90042
 
pasted from the yahoo boards...yes yes i know but once in a while you will find some good stuff there..
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.Today:400 new fri call contracts opened
by: oldtimeinvstr 479 of 479
I've been watching the April out of the money call contracts, which expire this friday, for any unusual activity.

Because these call contracts expire friday they give a window into a certain type investor sentiment.

There really was little activity through last friday. Some contracts were closed that day and it appeared no new new calls were opened.

Today was different. 40 April out of the money calls closed and 400 new out of the money call contracts opened. These call contracts represent 40,000 Marshall shares. These people are betting that by this friday MI stock will best their strike prices of $17.50, $20,$22.50, and $25.

The only possible explanation for these investors is that they are foolish with their money or they know something.

We'll know by friday.

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To: JeffA who wrote (26780)4/12/1999 9:42:00 PM
From: Tim Luke  Respond to of 90042
 
i'm going on a 30 day chart.
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