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Strategies & Market Trends : Tech Stock Options
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To: Kevin who wrote (32378)1/7/1998 10:38:00 AM
From: broken_cookie  Read Replies (1) of 58727
 
Hi Kevin (and Jim),

Re: BEL options. From option focus:In other activity, an investor rolled a position in Bell Atlantic Corp (NYSE:BEL - news) calls out by 376 days to the January 1999 expiration from the January 1998 expiration, paying 3/4 of a point for the
move.

The January 60 call and January 1999 60 call each traded 2,785 contracts. Open interest in the long-dated one was 167 contracts compare with about 2,930 in the regular option.

Bell Atlantic shares lost 2-15/16 to 88 after SBC Communications Inc (NYSE:SBC - news) said it agreed to buy Southern New England Telecommunications Corp (NYSE:SNG - news) in an all-stock deal
initially valued at $4.4 billion.

Bell has previously been rumored to be interested in SNET.

Schwartz said the Bell call buyer might be speculating on Bell's being bought.

''That buyer may have made his New Year's resolution to let time work for him, not against him,'' he said. Time decay erodes premiums quicker in near-term options than long-term options.

Happy New year and to everyone on the thread. I got mono about mid december and didn't get much partying in over the holidays. Great way to lose weight though.

Those ideas are great. Please keep posting them if you got the time.

I'll take a look at DIS.

Take care.
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