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Electronic Arts Inc. (ERTS) Message Board

  • drinkmandale drinkmandale Mar 14, 2001 6:13 PM Flag

    options like this

    calls contracts

    3990 @ 50.00

    1363 @ 52.50

    1003 @ 53.00

    puts contracts

    1380 @ 50.00

    so it loks like more money wants it above 50.00 then below it........ if green span doesn't lower rates on tuesday this one is going to the dogs

    I would say you want to short on friday after close if they can keep the price high

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    • well then I want to go were you want to go, why it's back up here other than to sell more paper,,,,,,,, once again wierd action great swing, great money to be made, but I lost opportunity............ I am sure that they will be droping it by the close.....

    • I think call volume, or put volume for that matter, is a contrary indicator. Cramer did an interesting piece called Maxpain Option Analysis that detailed how the price of a stock will be forced to the strike that will allow the greatest number of all option contracts to expire worthless. This stike price that the stock finds on expiry day is closely correlated to the underlying securities option open interest, not volume.
      You might find the article on Google, I've lost it, hope this helps.

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