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Biotech / Medical : Sepracor-Looks very promising

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To: Thomas M. who wrote (375)8/15/1997 2:37:00 PM
From: M. Ramle   of 10280
 
Tom: If you look at the Options Open Interest for August, you will clearly notice that the higest volume are the August 20, and the August 20 Puts. These are options that the MM had sold earlier at hefty premiums, and are now letting them expire practically worthless in the absence of any heavy buying or selling. Come Monday, I would keep my eyes open on the October Options Open Interest, and try to analyse it further. The last month or so, this stock has been heavily distributed, and hopefully we will see some accumulation ??? Good Luck.
MR
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