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Strategies & Market Trends : Tech Stock Options

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To: Thom who wrote (125)	2/28/1996 9:40:00 AM
From: Kevin	of 58727

You're right. Open interest on your USF options is 2, which confuses me since you bought 3. I'll look into this. Open interest is the # of contracts currently available. The reason the # is so low is that the strike of 30 for April came out 2/22 (when the price hit 28). If the price continues to move up, you will see the open interest move up. Actaully now that the market has opened, I see that the open interest is now 5. That means someone wrote 3 new options for your trade. Good news. Stock up 3/8 and your options are @ 9/16 by 13/16

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