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Technology Stocks : MSGI Marketing Services Group Inc.
MSGI 0.00010000.0%Mar 3 4:00 PM EST

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To: im a survivor who wrote (1896)8/27/1999 1:39:00 PM
From: Mark Peterson CPA  Read Replies (2) of 3418
 
Don't want to alarm the shorts, but here's a FWIW about call volatility.

It appears to me that there were some strong buyers in the Nov 15, Feb 15, and Feb 20 calls today. As an ex-options MM, I can tell you with certainty that you either have to be dumb as a box of rocks or absolutely certain of your bet in order to buy out of the money options, in size, at over 100 volatility, a level which is approximately 50% higher than the volatility at which the options traded during the last 3 months.

All things being equal, the options should have been sold at that level by public customers, not bought. Generally speaking, you buy low volatility and sell high volatility.

Must have been a bonus for someone...

In any event, suggests to me that MSGI has a brighter future ahead in the market.

Mark A. Peterson
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