Thread: Bank Stocks
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Old 03-17-2008, 07:44 AM   #254
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
my guess is that it's a mad rush to cover short positions and the geniuses who bought 30000 $30 puts last week need to buy it up as well

never traded puts and from what i remember those guys now have the right to sell them at $30 a share or something like that
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