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Technology Stocks : American Power Conversion
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To: Joseph Francis Torti who wrote (1434)6/6/1997 12:44:00 PM
From: Candle stick   of 2574
 
Joseph, in my experience large blocks of options are usually hedge trades. I think probably someone (or institution, more likely) bought the puts to hedge a LONG position in the stock. Its cheap insurance for a possible short term correction, if you dont want to sell a large block of stock and/or incur tax liabilities.........;^)
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