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Technology Stocks : Identix (IDNX)
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To: brad greene who wrote (1180)5/22/1997 1:07:00 PM
From: Peter Caradonna   of 26039
 
brad,

hope you don't ming me jumping in.

Thanks for the event chain you see. This is very hard for someone joining in to see, so thanks.

RE: Uncovered calls - the brokers supply the stock when called. The seller is on the hook to deliver shares to the broker or they break his legs. No one is matched up, the broker is the buffer.

Wendell,

Did the june 12c open position just get there or did it build from the last stock price surge? I think maybe 50% is hedging due to the size of the open shorts. Some maybe was sold as covered calls from the recent decline to mitigate downside risk.

peter
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