JPM Has The Shares

Posted by Bull Bear Trader | 4/05/2008 11:20:00 AM | , | 0 comments »

Based on recent filings, and acquiring 95 million shares of Bear Stearns, JPMorgan Chase should own a little less than 108 million shares, or 44.86% of Bear shares outstanding. Additional planned buying should raise the common stock total to 49.5%. Yet, BSC stock still trades above $10 per share. Maybe it is time to check the option's market.

Tickers: JPM, BSC