How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 474.65

-0.8%

12:09 PM EST

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To: John F. Dowd who wrote (49392)	9/15/2000 5:37:39 PM
From: johnd	Read Replies (1) of 74651

Jan 120 and Jan 130 puts got 5000 and 2000 contract volume just before close? What in the world are these? I also see that if these are put sales, they get put immediately as the open interest doesn't seem to go up day to day. Only thing that is surprising is that if a market maker were to buy these from MSFT, then the market maker can put the shares to microsoft but immediately buying back the shares in the open market to balance. Market makers neutralize positions simultaneously. That should have pushed the stock higher. But only thing I can think of is that Market makers could have been giving shares away from their company inventory or are exposing with short positions. Anyone knows anything on these HUGE put volumes, please explain. If these are MSFT selling puts, then today they bought about 1 million shares and there were days when 50,000 contract volumes or some 5 million shares a day.

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