Posted on 09/08/2007 6:40:21 AM PDT by jefferson31415
Your broker is wrong. You can look it up at http://www.bigcharts.com or many other websites that display option chains. It's right there for all to see. But don't take my word for it, look it up like I did.
Tonight's price for the Sep 700 SPX call is 757.10 bid, 759.70 offered. ;^)
Ockham's razor, m'friend, nothing more or less.
This particular bit of scaremongering is nonsense on its face. See post #40.
Thanks for the fyi.
There is no doubt in my mind that if we are hit again, and our government just sits around flogging its dummy, the American people are going to take care of business themselves. Don’t these idiot politicians realize just how fed up the American people are, and how close we are to the point of no return? Our leaders are banking on the American people being sheep; they are set for a rude awakening. Because, although many Americans (Democrats and the left in general) embrace the idea of being shorn as the sheep they are, there are a great many Americans who are not only not sheep, but are the latent warriors this country will need to survive.
see post 40
Why don’t you find a safer place to live? Not everyone is quaking in their boots...
how awefull that some Americans are willing to make a big profit on the possibility of the murder of many of our citizens. Is money that important? Somethings gone very screwy here.
Thank you both. I’ve learned something (a lot of things!) today.
“Yes, there was some abnormal activity in airline shares’ puts prior to 11 September 2001. Curiously, afaik, SEC have never nailed anyone for it. (shrug).
This particular bit of scaremongering is nonsense on its face. See post #40.”
I took the post for what its worth. Howvever, if what you say is true about the last time, it deserves more than a shrug. Or, would we rather not know?
If there’s a big attack in the next few days all those who did this kind of trading will have to be investigated.
Nothing on McMillan's options volume watch list suggests a replay of 9/11 just now. More likely, I think, that there'll be a little foofaraw by the diaperheads in front of General Petraeus' upcoming report on the 15th.
I suspect the video is a hoax as well...Most of it is frozen still frames and the voice sounds like it's going through a garbled voice filter. Check out the two different Binnys.
The writer of the articleis incorrect. If the index drops a mere 200 points in the next week, the value of the options would likely more than double in value and could be sold at an enormous profit. Many option buyers don't hold them until expiration, they are just using them for leverage on a short term event.
Are the put options ka-put now? Did someone just lose 1B$
Actually, if I understand this correctly, the person(s) sold deep in the money call options, which would still expire in the money today, but worth less than when he/they sold them... so he/they probably made a tidy profit. What we don’t know is if these were naked calls, or if this was just insurance against a market downturn. I don’t see anything TOO unusual here myself; with recent credit situation, if I was heavily invested in the SPX I would have sold calls too. The unusual thing is that OTM calls would seem to make more sense if these were insurance.
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