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Technology Stocks : All About Sun Microsystems

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To: Ben Antanaitis who wrote (6603)1/9/1998 12:06:00 PM
From: E_K_S  Read Replies (3) of 64865
 
Hi Ben - Did you notice that during McNealy's CNBC interview and as the NASDQ was hitting daily lows (Sunw dropped to 40 3/8) ....there was a huge option purchase on the Jan $40 calls about 2000 contracts at $1 3/4.

It might be interesting to update your Sunw option chart for January as I would be interested to see where the "optimum" call/put preminum settlement target might be for next Friday.

I have noticed that the Sunw January $45 SUQAI open interest has been expanding. Perhaps that January $40 purchased this AM was a "buy" to close and the OI will shrink by 2000 contracts after today's transaction.

EKS
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