>By midday, Bear Stearns options had trading more than four >times average daily volume. Most investors were focused on >put options that increase in value when a stock price declines. >Much of the volume centered on March 20, 25, and 40 puts, but >still some investors were even more bearish. They traded March >5 puts, indicating concerns that Bear Stearns' stock could trade >below $5 before next Friday.
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>Comments: steven.sears@barrons.com
If IB is in opposite side of trade, they are in deep shit.