Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: H James Morris who wrote (12362)	1/7/1998 11:44:00 PM
From: Matt Webster	Read Replies (2) of 25960

Very Little Open Interest in Options... I was checking my Discover Brokerage CYMI option chain, and I note how little open interest there is in both puts and calls. Example is Jan 20 calls with open interest of 382. That means calls control a whopping 38,000 shares. Compare that to Intel Jan 70 (at the money), which controls 2.8 million. Proportional to volume, it seems that there isn't much activity in Cymer. This is interesting because I had started this post with the intention of remarking on how deceptive short interest can be when one does not know whether a short position is being hedged with call options or the sale of puts. This doesn't seem to be the case here. Anyone care to comment on this? It seems bullish to me. I guess we'll have to watch option interest through the end of the month. Matt

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