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Old 08-28-2007, 11:42 AM  
teomaxxx
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Join Date: May 2003
Posts: 2,734
Quote:
Originally Posted by Dollarmansteve View Post
The above link is not about S&P options at all, and is about a very bearish position (bought puts) on the DJ eurostoxx index.
sorry, i misplaced different url. I0have to find it out where I read it about S&P options , it was more serious source then blog.

But that bearish positions on DJ eurostoxx could be seen as bet on crash too...

" An anonymous investor has placed a bet on an index of Europe's top 50 stocks falling by a third by the end of September, as world equity markets plunged for a third day and volatility hit a three-year high.
The mystery investor has bought put option contracts on the DJ Eurostoxx 50 index that will result in a profit if it plunges to 2,800 or below by the end of September. Based on the 2,800 strike price, the position covers a notional €6.9bn, and potentially even more using a market price of about 4,100 when the trades were done on Tuesday and Wednesday.
"
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