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With NetApp (NTAP -0.4%) trading near 10-year highs, option traders are "positioning for...

With NetApp (NTAP -0.4%) trading near 10-year highs, option traders are "positioning for downside," says optionMonster. NetApp is up more than 60% this year, and close to its 52-week high of $57.96. Thus, the firm "may be reaching the end of its long run and will be ready to pull back soon."
Comments (1)
  • ray b
    , contributor
    Comments (205) | Send Message
     
    "Thus" and "may" aren't much of a rationale for your conclusions, Jon.
    24 Dec 2010, 03:27 AM Reply Like
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