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Biotech / Medical : Biotech Derivatives

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To: SnowShredder who wrote (361)	8/20/1999 12:53:00 AM
From: LLCF	of 555

<Any ideas on what's up? > Nope... sorry been in and out of town... I will say that when I see August trading in conjunction with other months right before expiration it's usually an institution "rolling" their position out to a further month. ie. They buy back their short August calls, sell a further strike. Notice how they want to sell a higher strike because their Augusts are in the money. DAK

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