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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (32169)12/31/1997 5:02:00 PM
From: Nancy  Read Replies (3) of 58727
 
Don,

can your broker tell those volumes are buying or SELLING ?

Normally such deep-in-money calls are SELLING - to hedge their positions, rather than buying calls for a run up.

if they worry about CMB earnings (didn't they warn a while back on trading loss of 100 millions ?) such deep-in-money call selling would protect their profits without selling the shares.
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