Enron Contracts See Some Movement

"In connection with stealing from Enron," Ramsey asked, "you were just looking Mr. Lay in the face and telling him a lie?"

Fastow has admitted stealing millions of dollars from Enron for himself, partners and a family foundation through a string of schemes he hid from his bosses.

"Yes, I was not loyal to him or Enron when I committed those crimes," Fastow said."

Although the numbers on advanced charting haven't updated it looks like someone came in and swept the market.

Lay's Guilty contract is down 23 with the last trade at 47.5.
Skillings last trade was at 60 a nearly 10 point drop.

The spread is massive but after this it will likely fill in lower.

Fastows statements seem to touch all of Key Lays criminal charges especially 27-30. If the jury finds him not guilty on these, the contract will not pay off. This is the first time since the trail started that they contracts have moved so much. Fastow will not be back but we will update as it happens.