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Strategies & Market Trends : Sharck Soup

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To: besttrader who wrote (21005)	5/7/2001 3:44:37 PM
From: golfnut777	Read Replies (3) of 37746

Deep pockets think CSCO will show improved earnings outlook. Follow the money... Cisco Systems (CSCO – 19.84) continues to see significant amounts of call options activity heading into tomorrow night's third-quarter earnings release. In today's action, options players jumped on the out-of-the-money May and June 20.00 call strikes. Volume across all exchanges at these two strikes numbered in excess of 34,000 contracts at the May 20.00 strike and over 23,000 contracts at the June 20 strike. It is of note that coming into today, the out-of-the-money May 20.00 call strikes boasted open interest of an unbelievable 127,460 contracts, the bulk of which were added in last week's trading. Based on this activity, it is rather clear that some major players are positioning themselves for a better-than-expected earnings report/outlook from CSCO.

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