WDC, NAND, NVM, enterprise storage systems, etc. Message Board

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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 236.67

-16.4%

2:56 PM EST

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To: Art Bechhoefer who wrote (4218)	9/17/2019 12:57:03 PM
From: SiliconAlley	of 4827

I think the answer to the sudden increase in options volume for WDC is tied to an article appearing in today's New York Times business section. The article notes that interest rates for traders suddenly increased yesterday from about 2% to 4%. The rate increase applies only to large volume, short term trading, not to margin interest, for example. I think it explains the huge volume of contracts. Could you please explain why such a rate change would affect only WDC, and not other similarly situated stocks? And why it would affect any stock at all, since the article clearly stated it was a temporary surge that affected repurchase agreements only: nytimes.com There appears to be no such relationship at all, and the noted volume increase is based on trader expectations about the company itself. My long term target of $500 remains intact.

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