March Freddie Mac Puts
We saw a lot of buying in the
Freddie Mac March 2008 puts this afternoon. The stock itself moved down 4.85%
while the 22.50 March put moved higher 38%. With the Federal Reserve chairman
talking negatively about the housing market going forward, poor earnings just
last week, and the stock hitting a new 52 week low, expect more downside
movement on FRE.