Strong, Sudden Interest In Lehman Puts

I don’t have enough time to comment on this properly, but I wanted to share it with my readers, especially those who do not have access to trailing/intraday option data.  Here is Thursday's chart for $30 April 2008 puts on LEH, interesting - no?

Comments

[phdinsuntanning]

Enter your comment hereLehman Brothers Holdings Inc., the fourth-largest U.S. securities firm, was upgraded to ``buy'' from ``hold'' at Citigroup Inc., which said the bank's share price was ``extremely attractive.'' that explain why citi stock is falling in pieces i think is a case of extreme window dressing, good for short them... thnks Jeff

[Keith - Let It Sink]

Very interesting. Did LEH spreads jump?

[Patchie]

And shortly we will see the destruction of Lehman in a manner similar to Bear Stearns. This is the threat that will cause panic in the near future. This is the simply putting the steak in for seasoning before Wall Street eats yet another one of it's own.

[me0w]

whoever was driving that trend lost their shirt today