Some options traders believe TWX will trade within a range between now and mid-January. One large trader sold a "strangle" in January contracts -- selling January $7.50 calls and January $5 puts. Collecting $3.30 from the sale, the trader makes money as long as Time Warner stock trades between $1.70 and $10.80 until Jan. 16. [Wall Street Journal]
Wednesday, November 19, 2008
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