Bull--

483 call contracts represents 48,300 shares of KRY. (Option contracts cover 100 shares of the underlying stock.) That's not a huge block of stock, obviously, but even so it is interesting someone bought the options. The buyer now has a right to buy 48,300 shares of KRY at $2.50.

No sane person would buy KRY at 2.50 when they can buy it in the market at 12 or 13 cents. So this buyer is playing OptionGal's game (she's a smart lady): they expect the share price of KRY to go up quite a bit before July 15 (the expiration date), and if it does the market value of the options will skyrocket. Then the buyer will sell the options back into the options market at a profit. It's a smart move if you think KRY's sp is headed north.

Somebody, then, is betting $2,415 (that's what they paid for the calls) that the sp of KRY is going up before the middle of July.

Meanwhile, I've put in an order to sell a hell of a lot of July 2.50 KRY calls. We'll see if there are any other optimists out there playing the KRY options game. If I sell any or all of my calls, I'll put up a post here immediately. It could tell us all something....not much, but something, and that's more than we've heard from the KRY management lately.

Lope