Tech Stock Options Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (32736)	1/12/1998 2:01:00 AM
From: Heg Heg	Read Replies (2) of 58727

Hello Donald, thanks for your index updates. You have wondered whether this time at expiry there is an unusually high number of calls to expire. In short if you talk about the ratio of puts vs calls the answer is NO. The ratio puts to calls is decreasing since about the beginning of January, which is unusual (but the same pattern as in November and December). The ratio of puts to calls is however still higher than it usually is. Lower put call ratios (more calls relatively) existed during July to September than now for example. There will however be an unusual high number of options expiring since this month is also the expiry date of the 98 leaps. For anyone interested I post below the optimal expiration points (from the view point of various theories). Analysis so far has not yielded any systematic pattern and I slowly come to the conclusion that the bulk of options is indeed written by Arbs who, because of the very nature of arbitrage would not have a particular interest in where the options expire as long they can stay delta- neutral. If that is the case then the only thing OI would tell us is the sentiment of the people buying the options. Regards, Heg ---million$--- SYMBOL FORM'3 BestCost CurrCost FORM'2 FORM'1 CurrPrice ABT 50.00 8.37 15.36 50.00 60.00 67.25 ALTR 35.00 1.94 3.44 35.00 35.00 29.75 AMAT 30.00 17.40 18.52 30.00 30.00 28.00 AMD 20.00 7.20 8.60 20.00 20.00 18.06 APM 20.00 10.42 20.26 20.00 25.00 10.75 ASND 30.00 11.16 12.37 27.50 25.00 26.19 ASPT 22.50 0.01 0.08 22.50 22.50 21.75 ATML 20.00 0.83 2.49 20.00 20.00 16.00 BA 47.50 18.48 18.73 47.50 50.00 45.13 BAY 25.00 4.97 5.07 25.00 25.00 25.75 BMY 90.00 5.93 5.93 87.50 90.00 89.81 CA 40.00 8.36 11.49 40.00 32.50 49.63 CAT 40.00 9.80 12.50 40.00 35.00 45.44 CCI 110.00 79.62 81.35 110.00 125.00 115.06 COHR 35.00 35.00 35.00 37.00 COMS 35.00 18.38 25.23 35.00 35.00 30.13 CPQ 50.00 131.0 148.86 47.50 60.00 56.94 CS 15.00 0.64 0.89 15.00 15.00 13.50 CSCO 50.00 44.84 53.78 47.50 50.00 54.25 CYMI 17.50 0.14 0.30 17.50 17.50 15.25 DD 40.00 11.68 17.39 42.50 40.00 54.31 DELL 80.00 83.54 86.06 80.00 85.00 83.19 DO 45.00 1.34 1.49 42.50 40.00 40.56 DOW 95.00 0.60 0.63 95.00 90.00 93.25 EMC 20.00 11.94 14.66 22.50 5.00 25.50 EVI 45.00 0.62 1.41 45.00 45.00 40.50 FDC 30.00 0.16 0.60 30.00 30.00 27.50 FORE 15.00 0.78 0.96 15.00 15.00 15.38 GE 65.00 20.26 28.65 62.50 70.00 72.44 GTW 30.00 0.61 1.04 30.00 30.00 32.50 HAL 50.00 5.76 8.01 47.50 50.00 42.38 HON 70.00 0.02 0.12 70.00 70.00 66.63 HTCH 25.00 0.08 0.35 25.00 25.00 20.38 HWP 60.00 17.64 20.86 57.50 60.00 62.19 IBM 80.00 227.6 283.77 80.00 100.00 100.13 INTC 70.00 395.0 403.96 70.00 75.00 71.88 IRF 12.50 0.02 12.50 12.50 10.88 JBIL 40.00 0.76 1.04 40.00 40.00 35.25 KLAC 40.00 0.55 1.38 40.00 40.00 34.75 KLIC 22.50 1.00 1.31 22.50 17.50 16.63 KO 50.00 93.92 119.59 50.00 25.00 64.13 LEH 45.00 2.87 4.04 45.00 50.00 51.06 LGND 12.50 12.50 12.25 LLY 60.00 10.25 14.45 57.50 55.00 66.63 LRCX 25.00 0.10 0.32 27.50 25.00 22.75 LU 75.00 19.10 19.33 72.50 80.00 74.50 MER 60.00 44.10 45.91 57.50 70.00 63.50 MOT 60.00 16.30 21.50 60.00 60.00 55.63 MRK 85.00 64.98 94.36 82.50 100.00 103.13 MRVC 22.50 0.67 0.68 22.50 20.00 21.81 MSFT 120.00 398.0 413.38 117.50 135.00 127.00 MU 27.50 18.07 18.07 27.50 30.00 27.50 NE 25.00 0.17 0.23 25.00 25.00 23.75 NKE 40.00 11.47 11.51 40.00 37.50 39.88 NN 37.50 4.52 5.72 37.50 37.50 30.13 NSM 25.00 1.93 2.07 25.00 20.00 22.94 NVLS 35.00 0.11 0.18 35.00 35.00 29.81 ORCL 22.50 4.96 9.71 22.50 20.00 18.75 PAIR 20.00 1.01 2.34 20.00 20.00 16.00 PFE 50.00 54.49 99.15 47.50 20.00 74.06 PNU 35.00 0.58 0.65 35.00 35.00 35.44 QNTM 22.50 1.22 2.58 22.50 20.00 18.44 RDRT 20.00 0.96 1.42 20.00 15.00 14.63 RIG 45.00 0.14 0.26 45.00 40.00 37.25 ROK 55.00 0.68 0.79 52.50 50.00 48.75 SBH 45.00 1.25 2.29 45.00 50.00 50.94 SCH 30.00 2.31 2.75 30.00 40.00 36.00 SCI 40.00 0.61 0.62 40.00 32.50 38.56 SEG 25.00 3.18 6.43 22.50 25.00 18.06 SFAM 20.00 0.21 0.42 20.00 17.50 25.75 SGP 25.00 6.68 39.09 25.00 15.00 61.69 SLB 72.50 20.49 20.54 72.50 50.00 69.75 STM 65.00 0.27 1.69 65.00 60.00 52.25 SUNW 35.00 32.38 43.25 32.50 25.00 40.88 SYBS 12.50 0.62 1.26 12.50 10.00 8.63 T 60.00 17.63 18.95 60.00 60.00 60.88 TBI 20.00 0.01 0.02 20.00 20.00 17.00 TER 32.50 0.97 1.13 32.50 30.00 29.31 TLAB 50.00 0.44 0.52 50.00 50.00 52.00 TQNT 20.00 0.02 0.14 20.00 20.00 23.38 TRV 40.00 39.70 45.96 40.00 20.00 47.63 TXN 42.50 50.89 51.75 42.50 45.00 41.44 UIS 10.00 6.49 13.34 10.00 7.50 14.75 UTEK 22.50 0.16 0.37 22.50 20.00 18.75 UTX 50.00 2.48 5.56 52.50 40.00 68.50 VLSI 22.50 0.72 0.74 22.50 20.00 22.00 WCOM 27.50 20.46 20.75 27.50 30.00 28.81 WDC 17.50 3.10 3.87 17.50 17.50 15.69 WFR 20.00 0.08 0.17 20.00 20.00 16.94 WLA 115.00 17.82 19.59 115.00 115.00 120.63 WSTL 12.50 0.02 0.10 12.50 12.50 11.00 XLNX 35.00 0.58 0.62 35.00 35.00 34.63

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next