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Technology Stocks : Vitesse Semiconductor
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To: Anthony who wrote (2607)6/14/1999 7:46:00 PM
From: SJS  Read Replies (1) of 4710
 
I did notice that too. I don't think that's the case at all. Possibly, it might be "cheap" (protection) side of a long option position with puts being initiated, with the other put "leg" side waiting for it to drop to increase the premium before they are sold.

However, if you're correct, then people are waiting for a greater than 25% decrease in price. I think that's highly doubtful.

Other than speculating, I'd sure like to know why, too. VTSS never trades in the top 10 option list.

Steve
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