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HPQ |
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With activity occurring at the bid price on the option, we can guess that these contracts are being sold, and with December options expiring at the end of the week, I would bet that many HPQ speculators are closing out these front-month positions prior to expiration; especially with the stock plunging below the strike in today's trading. 5 billion price tag is the largest we have seen since HPQ bought Compaq in 2002. Following this rejection, HPQ retreated back below peak call open interest for the front three months at the 32. |
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