6 replies to this topic

[pedro]

Sept SPY calls .. note the volumes CALL OPTIONS Expire at close Fri, Sep 21, 2007 Strike Symbol Last Chg Bid Ask Vol Open Int 60.00 SWVIH.X 86.50 0.00 88.20 88.60 10,000 12,308 65.00 SWVIM.X 81.50 0.00 83.20 83.60 10,000 12,219 70.00 SZCIR.X 76.50 0.00 78.20 78.70 10,000 12,573 75.00 SZCIW.X 71.50 0.00 73.20 73.70 10,000 10,889 80.00 SZCIB.X 66.50 0.00 68.20 68.70 10,000 10,785 85.00 SZCIG.X 61.50 0.00 63.30 63.70 10,000 10,848 88.00 SZCIJ.X 54.70 0.00 60.30 60.70 50 470 89.00 SZCIK.X 53.70 0.00 59.30 59.70 48 239 90.00 SWGIL.X 56.50 0.00 58.30 58.70 10,000 10,651 91.00 SWGIM.X 55.50 0.00 57.40 57.80 10,000 10,362 92.00 SWGIN.X 54.50 0.00 56.30 56.80 10,000 10,390 93.00 SWGIO.X 53.50 0.00 55.40 55.80 10,000 10,377 94.00 SWGIP.X 52.50 0.00 54.40 54.80 10,000 10,532 95.00 SWGIQ.X 51.50 0.00 53.30 53.80 10,000 10,474

[n83]

Sept SPY calls .. note the volumes

CALL OPTIONS Expire at close Fri, Sep 21, 2007
Strike Symbol Last Chg Bid Ask Vol Open Int
60.00 SWVIH.X 86.50 0.00 88.20 88.60 10,000 12,308
65.00 SWVIM.X 81.50 0.00 83.20 83.60 10,000 12,219
70.00 SZCIR.X 76.50 0.00 78.20 78.70 10,000 12,573
75.00 SZCIW.X 71.50 0.00 73.20 73.70 10,000 10,889
80.00 SZCIB.X 66.50 0.00 68.20 68.70 10,000 10,785
85.00 SZCIG.X 61.50 0.00 63.30 63.70 10,000 10,848
88.00 SZCIJ.X 54.70 0.00 60.30 60.70 50 470
89.00 SZCIK.X 53.70 0.00 59.30 59.70 48 239
90.00 SWGIL.X 56.50 0.00 58.30 58.70 10,000 10,651
91.00 SWGIM.X 55.50 0.00 57.40 57.80 10,000 10,362
92.00 SWGIN.X 54.50 0.00 56.30 56.80 10,000 10,390
93.00 SWGIO.X 53.50 0.00 55.40 55.80 10,000 10,377
94.00 SWGIP.X 52.50 0.00 54.40 54.80 10,000 10,532
95.00 SWGIQ.X 51.50 0.00 53.30 53.80 10,000 10,474

why are all the volumes 10K..too round and neat to be believable for these many strike prices..maybe check another source and more importantly OI when it gets updated 6:30 am Monday

[kaiser soze]

Sept SPY calls .. note the volumes

CALL OPTIONS Expire at close Fri, Sep 21, 2007
Strike Symbol Last Chg Bid Ask Vol Open Int
60.00 SWVIH.X 86.50 0.00 88.20 88.60 10,000 12,308
65.00 SWVIM.X 81.50 0.00 83.20 83.60 10,000 12,219
70.00 SZCIR.X 76.50 0.00 78.20 78.70 10,000 12,573
75.00 SZCIW.X 71.50 0.00 73.20 73.70 10,000 10,889
80.00 SZCIB.X 66.50 0.00 68.20 68.70 10,000 10,785
85.00 SZCIG.X 61.50 0.00 63.30 63.70 10,000 10,848
88.00 SZCIJ.X 54.70 0.00 60.30 60.70 50 470
89.00 SZCIK.X 53.70 0.00 59.30 59.70 48 239
90.00 SWGIL.X 56.50 0.00 58.30 58.70 10,000 10,651
91.00 SWGIM.X 55.50 0.00 57.40 57.80 10,000 10,362
92.00 SWGIN.X 54.50 0.00 56.30 56.80 10,000 10,390
93.00 SWGIO.X 53.50 0.00 55.40 55.80 10,000 10,377
94.00 SWGIP.X 52.50 0.00 54.40 54.80 10,000 10,532
95.00 SWGIQ.X 51.50 0.00 53.30 53.80 10,000 10,474

why are all the volumes 10K..too round and neat to be believable for these many strike prices..maybe check another source and more importantly OI when it gets updated 6:30 am Monday

The data is correct. They are probably spreads. But this market observer insists they are covered calls and interprets it very bearishly.

[selecto]

Do players with that kind of money make flat out bets? I have my doubts.

[gorydog]

Do players with that kind of money make flat out bets? I have my doubts.

Those have to be "bullish call spreads". They buy the calls at lower level, and sell the calls at a higher strike. This trade has 10k paired at 6 higher and 6 lower strikes. the 60 strikes are married to the 90's, and so on. This is not a bearish position!!!!! If it were covered calls, who was the buyer? how would you get people to step up and buy? The prices were not lowered to make them more attractive.
(if there trader is smart money!)

GD

[DIVOT]

Do players with that kind of money make flat out bets? I have my doubts.

Those have to be "bullish call spreads". They buy the calls at lower level, and sell the calls at a higher strike. This trade has 10k paired at 6 higher and 6 lower strikes. the 60 strikes are married to the 90's, and so on. This is not a bearish position!!!!! If it were covered calls, who was the buyer? how would you get people to step up and buy? The prices were not lowered to make them more attractive.
(if there trader is smart money!)

GD

If there is corresponding volume in 2008 options this allows them to play with their taxable income for 2007.

[cgnx]

Do you know how many contracts are offered at each strike? Maybe 10000 is max. Isn't there a max number of contracts allowed?