We noted, however, the sustained level of trading interest in Beazer's January '08 option call series, with the buying of some 5, 965 lots midweek in the January '08 call at the 30.0 strike, as well as healthy interest in the 25.0 January straddle.

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Looking further out, the majority of open interest lies in the January '08 series where 45% of open interest is held.

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Looking further out, put premiums are significantly elevated as far out as the January '08 series, and the call volume is nowhere near as pronounced.

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