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Technology Stocks : USRX /COMS - and other "stuff"
COMS 0.001300.0%Nov 7 11:47 AM EST

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To: Glenn D. Rudolph who wrote (4491)5/30/1997 7:01:00 PM
From: Janice Shell   of 5244
 
Glenn--

Yes, it does make sense. Except that in the case of the COMS June 45s today, that doesn't seem to be the way it worked. Though it's late here and I may not be thinking clearly. The June 35s did trade today, undoubtedly because some people chose to get out in the morning: last trade 12 7/8. Even so, it closed yesterday at 13 1/2; at the close today the contract was 13 3/8 on the bid, 13 3/4 on the ask. So in a sense it was up 1/4, but what prints is today's last trade, which was 12 7/8, down 5/8. Whereas the stock was up 11/16.

But what does that mean for the OI?

Janice
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