• bigfoot
    Huge activity in April $MU $10 calls today
    3/26/12
    Reply (11)
    • Bret Kenwell: WOW. bigfoot tons of volume in there. Covered calls? hedge? or straight up bull play? hmmm...
      3/26/12
    • Bret Kenwell: check out the volume in may for the same contract
      3/26/12
    • bigfoot: Reuters Newswire story calling it a 5 way spread.
      3/26/12
    • bigfoot: Suggests it is a bullish move, too.
      3/26/12
    • Bret Kenwell: bullish, bearish or not sure?
      3/26/12
    • Bret Kenwell: oh okay. forget the last post. good job pointing that out to us. Thanks for the heads up
      3/26/12
    • bigfoot: a 5 way play like that is well over my head (as well as out of my budget)
      3/26/12
    • Bret Kenwell: yeah, but if a player is putting on a bullish bet using 2 dollar otm calls. you can pick them up for .05 and .15
      3/26/12
    • Bret Kenwell: if wrong you lose 5 bucks. or 15 bucks. but if you're right you can make easily double or triple.
      3/26/12
    • bigfoot: The odds of $MU hitting $10 in the next 2 months still seem kind of slim.
      3/26/12
    • bigfoot: But that's why I don't play options.
      3/26/12