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Friday, August 22, 2008

Schwab September Call's Are Up On Close.


Today, there was an unusual open interest in Charles Schwab (SCHW). We saw unusual volumes and open interests on the Spetember 22.50 and 25 Call's Contracts. CNBC's Fast Money also acknowledged these trades on the Popular Show. It seems that an unidentified swiss firm was positioning around these derivitives. At the bell today, these contracts were closed up 21% on the 22.50 and 50% on the 25 contract.

The world renound securities firm was up today on news of the WTO deal being urged forward.

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