12.19.2007

Fed watch OVER.. Earnings watch BEGINS...

It time to focus on companies and earnings now...

Starting with Oracle...

47,000 call contracts went across today at the DEC 22.5 strike price for .10 to .15
22,000 call contracts went across today at the JAN 22.5 strike price for .30 to .40

in after hours, oracle is up 6% to 22ish..

Notice the trend the past few days? it's called, "buy the dips..."

Lets keep an eye on VIX at 20...

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