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Technology Stocks : Cymer (CYMI)
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To: Darryl Olson who wrote (5301)10/17/1997 5:55:00 AM
From: giddy guru   of 25960
 
//gg//

Darryl, you wrote

It appears that the volume of Oct 30 call writing must be quite a bit higher than the put writing. Thus, the MM's are trying to shake out
the calls or increase the put volume. I think it will trade around $29 for a good part of the day tomorrow and eventually climb close to $30, maybe $29 5/8 or 3/4.

Don't understand. Who the MM will be trying to shake out? Writers or buyers?

For every call writer, there is a buyer. MM are the writers, usually but not necessarily and nonprofessionals are buyers.

Assuming the majority of writers are nonprofessionals, to shake them out, don't the MM have to lift the stock above 30 for cover? How can they scare the call writers by bringing the price down to 29?

//gg//

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