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- verb Present participle of
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In contemplating AIG's fate, we're reminded of nothing so vivid as the thread of the spider's web keeping the falling rock at bay in Jonathan Edwards '"Sinners in the Hands of an Angry God" - which could explain why so many calls are trading today (outtrading puts by 1.8) as traders relinquish the company's destiny to something larger.
Calls are outtrading puts by nearly 92 to 1 today as we observe hefty buying interest in September 20 calls - these trading at nearly triple the open interest at 65 cents per contract
Again, puts are predominant, outtrading calls by a factor of 1.6 and on hefty volumes in the front month.