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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001600.0%Jan 16 9:30 AM EST
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To: David E. Taylor who wrote (43747)7/7/2000 9:50:41 PM
From: kcmike  Read Replies (1) of 45548
 
David,

Regarding MM's hedging the open call interest by buying COMS, I remember the pre-ipo run. First of all, there were no strike prices over 70 or 80 or so from what I recall, so you couldn't roll-up your calls to higher strike prices. They also had ridiculous spreads on the calls that were available, so it made it almost impossible to roll them up even if you wanted to. It was almost criminal!

AT least we have all of the strike prices we will need for a while, but do you think they will play the same games with the spreads?

Mike
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