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Technology Stocks : Oracle Corporation (ORCL)
ORCL 189.97-4.5%Dec 12 9:30 AM EST

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To: Mo Chips who wrote (4653)12/18/1997 8:50:00 PM
From: Kumar Nathan   of 19080
 
I did a rough computations as to December Options position.

Following is the net exposure to Option Writers at various stock prices. Calculations is based on Call/Put Open interest and todays premium.
Stock Price Dollar exposure to Option Writers
22 $13,318 Millions
23.375 12,357
24 12,885
25 12,856
26 13,357

Therefore, theoritically if MM wanted to get out with a low payout premium, then stock should open up around 23.375. This calculation doesnt take into account any option rotation.

Regards

Kumar
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