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Technology Stocks : Lucent Technologies (LU)
LU 2.760-2.3%1:22 PM EST
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To: X Y Zebra who wrote (16388)9/27/2000 6:56:37 PM
From: Clay Takaya  Read Replies (1) of 21876
 
The story was on Dow Jones Newswire. I can't link it, but here is the copy that relates to LU:

- One trader, believed to be operating out of Japan, closed massive short
positions in Boeing Co., Lucent Technologies Inc., Eastman Kodak Co. and
Citigroup Inc. People familiar with the activity said the trader was long
puts - a stance that is profitable if the underlying stock's prices
declines.
Some of the positions were as large as 45,000 contracts, the equivalent of
4.5 million shares of stock. What made the trades interesting was that on a
day when not much happened there was enough residual liquidity in the market
to take down huge positions without adversely effecting prices.

I am long 1000 shares @31.

Clay
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