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Technology Stocks : Compaq
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To: Windseye who wrote (95586)3/1/2002 11:42:34 AM
From: Jerome  Read Replies (2) of 97611
 
Heavy action again today on HWP options...

March 20's ....3,041 contacts traded
April 20's ....2,175 contacts traded

But what is the bet?

1) That the merger gets ISS approval and the stock rallies because street likes the merger.

2) That the merger is not approved by ISS and HWP stock falls, and these are covered calls.

Other options.... If this were a bet on voter approval the option players would use a longer time frame.

Just opinions...but some better interpretations are needed.

Jerome
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