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Unusual as usual

Published on April 12, 2007

Unusual as usual

April 12, 2007

Why will one trade an YHOO option that is still 28% OOM, well over 20K Oct’07 call 40 contracts were traded vs. open interests of only 1245! I wonder. Why will there be over 16K volume for Southwest airline $17.5 Sept call (vs. 3K open interest) when the stock is still 15% before making any money. Why? The same goes for VMED May $25 calls.

Well I can understand huge puts volume on CECO and CBH as the earnings are very near.
Profitable trading, OptionPundit

4 Comments

  • Avatar jcedgmon says:

    I don’t know what to think on DNDN. Large open interest across the board although the May 40 calls really stand out. We’ll see if today’s volume increase or decreases OI.

    Heavy action on the VIX May 19 Calls today.

    Also, on ETFC and XHB.

  • Avatar Jim kingsland says:

    the luv and Yhoo activity is interesting isn’t it.

  • Avatar OptionPundit says:

    Ture I have noticed that too..there seems to speculation for market correction before May expiration. Watch out for the “golden week” period in Japan that ends around end 1st week of May for any potential selling.

    Jim, other interesting thing is that both these counters doesn’t move so much except the earnings time. Seems like there is expectation for great results.

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