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Technology Stocks : Apple Inc.
AAPL 260.81-5.3%3:40 PM EST
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To: Mike Connolly who wrote (9695)3/18/1998 8:05:00 PM
From: Phillip C. Lee   of 213186
 
Mike,

The options expiration this time won't impact the stock too much
because all March calls have been beyond striking prices (the highest
call is March 25's). I bet at least 70-80% of the calls will be
expired automatically without stepping in. Only small percentage of
calls owners will execute their right to either buy stocks or get the
current option prices. Therefore, the impact this time will be
very limited.

Just my thought.

Phil
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