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To: mojito

Dispelling the ‘Bin Laden’ Options Trades:
http://www.thestreet.com/newsanalysis/optionsfutures/10377063.html


5 posted on 08/31/2007 1:24:26 PM PDT by Califelephant
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To: Califelephant
The article refers to these positions as both “unusual” and “unusually large.” A box-spread is not an especially unusual investment strategy if you expect a market to decline by a certain date. Whoever or whatever made these putoptions is going to lose a very large amount of money if the S&P 500 does not decline dramatically before Sept. 21.
7 posted on 08/31/2007 1:34:52 PM PDT by mojito
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