Thursday, March 8, 2007

New Century Options Volumes Are Astounding

Over 64,000 March 2-1/2's have traded. That's a bet the stock will drop below $2-1/2 (and given the price of the otions, will have to drop below 2 to yield today's put buyers a profit) before next Friday. The price is just too insane to jump into now.

I missed this one. I was doing something far more important earlier today - having homemade Pasta Fagiola at a great Italian restaurant (wife's side of the family owns it) with a close friend. It was a great lunch.

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