Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

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To: George the Greek who wrote (20460)	7/10/2002 11:56:00 AM
From: Dolfan	of 21876

Lucent Technologies (NYSE: LU) increased over 12 percent yesterday, still glowing from positive mention in this weekend's Barron's. The stock has been on the rise for the past few sessions and is now perched at potential resistance from its descending 20-day moving average. Options players set their collective sight on the future yesterday, trading 11,500 contracts on the January 2005 5 put LEAPS position. Open interest at the in-the-money strike had previously stood at under 1,000 contracts, indicating that yesterday's volume was new additions. The volume took shape as a number of large block trades that went off between the bid and the ask prices around 2:15 p.m. Click the following link to see the Daily Chart of LU since October 2001 with 20-Day Moving Average: schaeffersresearch.com

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