"Up by the end of the day," predicted index money manager Rob Sorrentino with Sorrentino Asset Management.
Who knew what when in SBC ( SBC)? In SBC's option pit last week, a whopping 8,800 contracts crossed the tape on the out-of-the-money April 35 put. This option was among the most active put contracts on the Chicago Board Options Exchange and Pacific Exchange last week. A large put bet like that may have indicated an investor knew the company was due to make a big announcement that would pressure the stock price. Open interest at this strike stood at 12,000 contracts heading into this morning's trading, and the April 35 puts were lately up 1/8 ($12.50) to 2 1/8 ($212.50), while the stock was down 2 3/8 to 35 7/8 after