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Message Boards Settings Monarch Casino & Resort (MCRI) - Quote Info
Anyone know why there is a huge May 10 call buyer?     12-May-09 02:32 pm    
The open interest in the May 10 MCRI calls is up to 14,000. The buyer seems to be accumulating upwards of 1,000 calls per day. May expiration is this Friday. Is there any news expected between now and then to justify this call buyer and the price he is paying per contract? Today (Tuesday, May 12th), he has paid as much as 0.80 for the May 10 calls with the stock trading $9.90. Plus, the stock has already had a significant run from $4 in early March. Stock price appears to be declining from a peak of $11.00 on May 5th. Could he possibly be expecting an update on the Kerzner litigation. Any thoughts?
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fwbavp

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Chicago, IL


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Anyone know why there is a huge May 10 call buyer?
fwbavp Not rated 12-May-09 02:32 pm  
 
A huge calls spread just traded. A customer bough...
fwbavp Rate it 12-May-09 03:00 pm  
 
look for a BO...this could go to bigger hands...
cozzi38 (1 Rating) 12-May-09 06:17 pm  
 
option premium is still through the roof! I have ...
socalengr Rate it 4-Jun-09 10:37 pm  
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Monarch Casino & Resort Inc. (MCRI)

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