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Politics : Formerly About Advanced Micro Devices

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To: Joe NYC who wrote (102457)4/6/2000 12:17:00 AM
From: Petz   of 1577057
 
Jozef, re:<There will be another challenge after the earnings - the option expiration day>

If many of the call options are deep in the money, they will be exercised, causing somewhat of a short-squeeze situation. Also, many of the higher strike prices were sold short by the retail customers, so the usual situation of the market makers holding the short position and the retail side holding the long position may not apply.

Petz
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