Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Paul Ma who wrote (102425)	4/5/2000 10:16:00 PM
From: Joe NYC	Read Replies (2) of 1577171

Paul Do you guys all think that there will be a huge sell off after earnings? There will be another challenge after the earnings - the option expiration day - a week after the earnings. There are roughly 77,000 call option contracts outstanding. The highest strike is 70. If the stock is above 70, all will be in the money, all the puts will be worthless. The calls will have to be sold. The 77,000 shares represent 7.7 million shares. Joe

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