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