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Non-Tech : Amati investors
AMTX 1.600-2.7%3:59 PM EST

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To: SPEEDRACER who wrote (27295)10/17/1997 12:48:00 PM
From: Richard D   of 31386
 
SPEEDY,

Thanks for your informed responses. I appreciate them as much as anybody. Is it possible that someone with a large inventory of Amati common, like a Soros, writes a lot of calls and then, in the 2 weeks prior to expiration, sells as much common stock inventory as is needed to make the bulk of his outstanding options either expire worthless or at least remain profitable to him? He could then choose to buy it back later or not. This wouldn't be your typical pure volatility play that you have described before, but would involve some manupulation of the supply and demand for the stock, and therefore price.

Regards,

Richard

PS I guess if this person targeted 17.5 as his ideal price on expiration Friday, he could sell puts and calls around his strike and buy or sell stock to steer the common price there in the final weeks prior to expiration.
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