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Technology Stocks : Identix (IDNX)
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To: Peter Caradonna who wrote (1181)5/23/1997
From: Wendell Holmes   of 26039
 
I suspect you're on target on the reason for the open interest. Shorts buy the calls as protection, longs sell them as a hedge. Also a great added income if you expect the stock to trade in a narrow range for the next month or two. Big risk of leaving alot on the table in an unexpected upside surge.
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