"12 million call options ranging in exercise price from 600 to 950 have been bought/sold (and thus created) by parties unknown. The S&P closed at 1474 on Friday."
That means very little.
If the market falls back to this level then the idi.ots buying the call options are going to LOSE crap loads.
The people who sold it to them probably are hedging.
If someone knows about something thats about to blow the market to bits, then they have just implemented a trading strategy thats going to blow their bank account to bits as well.
