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Technology Stocks : PairGain Technologies
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To: Dennis G. who wrote (5386)6/27/1997 3:32:00 PM
From: Dennis G.   of 36349
 
Here's the open interest on July options. Large amount of put activity.
Could be a contrary indicator. It would appear that option makers would
it least like to close at 17.5 and maybe higher. Any thoughts?

DESCRIPTION OI SYM

C JUL97 15.000 650 PQGGC
C JUL97 17.500 1678 PQGGW
C JUL97 20.000 5057 PQGGD
C JUL97 22.500 972 PQGGX

P JUL97 15.000 1753 PQGSC
P JUL97 17.500 4797 PQGSW
P JUL97 20.000 2852 PQGSD
P JUL97 22.500 2676 PQGSX
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