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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (32442)	1/8/1998 9:25:00 AM
From: Kevin	Read Replies (3) of 58727

Today's Data and trading opps: SPX: 988.9 974.9 969.50 piv:961.08 955.59 947.17 933.26 Break: 966.68 SPH8: 998.37 984.07 979.03 piv:969.77 964.73 955.47 941.17 break:975.93 Best buying opp based on MF: SLB...should break 80 shortly, and possibly run to the upper 80s to lower 90s with a decent market rally (more specifically a rally in the OIL sector). Unusual Option Activity: ---Someone bought over $11 million worth of AIG Jan 99 strike 90 calls yesterday. ---Looks like a $7+ million buy of CSCO Jan 99 strike 45 calls (4335 calls @ $17 w/ 16.625 / 17.125 as the b/a) ---Here's one I'll jump on: anyone who was around approx 6 months ago might remember the unusal option activity that I had posted for several companies (Nancy are you around...I know you were interested). One of the trades was on June 5. A trader bought over 4000 Jan 22 1/2 calls @ 9 1/8. It appears that they were closed out yesterday b/t 17 1/4 & 17 3/8 (damn near doubled his money). He took all of the cash and rolled out to Jan 99 22 1/2 calls....just over 4000 contracts @ 18 3/8 & 18 1/4. There should be another trader closing 18,000 of the same strike soon I have a feeling. Talk to you later.

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