AUSTIN, Texas, Dec. 2, 2002 (PRIMEZONE) -- The following is an investment opinion issued by Stockwinners.com. Option trading was brisk on Monday, as traders got back to placing their bets following the Thanksgiving Day holiday.
In a move reported by Stockwinners.com ActiveTraders editors, an early investor sold 7,000 contracts of Merrill Lynch (NYSE:MER) December $40 call options, and purchased 7,000 contracts of December $42.50 call options. That player took money off the table while remained bullish on the issue. Elsewhere, the ActiveTraders page reported call selling by a trader with an opinion on Disney (NYSE:DIS). That participant sold 15,000 contracts of DIS December $22.50 calls, expecting the stock to find its 200-day moving average ($19.63), a formidable obstacle to overcome.
Another bullish investor sold 25,000 contracts of Nasdaq-100 Trust (QQQ) December $27 put contracts, apparently feeling that shares may have found a footing. Microsoft (Nasdaq:MSFT) represents over 13 percent of the Nasdaq-100. Elsewhere, yet another forward-looking bullish participant bought 1,200 contracts of Best Buy (NYSE:BBY) January $30 calls.
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