Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.645

+0.8%

3:59 PM EST

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To: Dolfan who wrote (1675)	3/20/1998 4:49:00 PM
From: Rajiv	Read Replies (1) of 21876

The abnormal trading in LU is options-expiry related. It suddenly dipped Thursday evening and stayed lower most of Friday. It closed at a very convenient price (120+0.125). This has rendered all the puts options worthless. Also the Mar 120 Calls had the highest OI (more than 10k contracts). Even these have closed worthless. Remember the specialists are sellers and stand to gain with this scenario. If the bull market continues, I am expecting LU to continue outperforming it. Regards, Rajiv

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