How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 514.77

-0.4%

Nov 4 3:59 PM EST

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To: Jake0302 who wrote (26115)	7/15/1999 1:06:00 PM
From: Teflon	Read Replies (2) of 74651

If your an institution and you have written call options against a large portion of your position (i.e., you expected the market to sell off by this Friday - especially if you expected some earnings disappointments), it is in your best interest to apply selling pressure in the market to protect your core positions that underlie the calls you wrote, depending on what Strike Prices you sold them with. Sorry for the run-on sentence! Teflon

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