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Politics : Formerly About Applied Materials
AMAT 332.56+4.1%Jan 27 3:59 PM EST
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To: david oliva who wrote (4976)5/29/1997 11:29:00 PM
From: nnillionaire   of 70976
 
David, If I had a bunch of options on stock that had jumped from 24 to 70 in the past 8 months, and I needed cash, I could not borrow against the options. With the stock so 'volitile', I would sell the options and take the cash as the prudent move.

Insider trading must be taken with a big grain of reality, and reality is that execs given big options positions frequently need cash, just like you and me.
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