Option update: Bear Stearns (BSC) puts active on liquidity rumors
Bear Stearns (NYSE: BSC) is recently down $3.73 to $58.67.
BSC said on March 10 that there is “no truth to liquidity rumors.” BSC is expected to report Q1 EPS on March 20. Buckingham Research says, “Liquidity concerns overdone, but lowering 1Q08 on Mortgage woes.”
BSC shout option volume of 26,934 contracts compares to put volume of 55,004 contracts. BSC
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Original post by Paul Foster
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