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Technology Stocks : QUANTUM
QNTM 8.720-7.0%Dec 24 12:58 PM EST

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To: Rational who wrote (5312)11/19/1997 9:47:00 PM
From: Dwight E. Karlsen  Read Replies (3) of 9124
 
Sankar, it appears not to be a bullish trade. Note the OI on Feb 27.5 is only 517. This Someone sold the calls, whether they are covered by shares or not who knows. I wasn't sure myself what happened there until I saw this post from earlier today:

techstocks.com

from the story:
NEW YORK (Dow Jones)--One bold options trader shorted the equivalent of a million shares of Quantum stock, worth some $3.08 million.

I wonder what that trader is thinking. I think they are crazy.
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