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Technology Stocks : Texas Instruments - Good buy now or should we wait?
TXN 191.57+1.3%Jan 16 3:59 PM EST

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To: otter who wrote (3055)2/16/1998 3:37:00 PM
From: RB Smith  Read Replies (1) of 6180
 
Saw your post and was looking at the option data table for the CBOE. Noticed the huge open interest in Puts for TXN - Jan. '99 40's (open interest 50,000). I agree that there are either huge bets on a downturn or quite a bit of insurance. I would speculate that somebody with a lot more $$$ than me is betting this thing will turn down. Just an observation. Any thoughts.

RB Smith
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