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Technology Stocks : All About Sun Microsystems

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To: Ben Antanaitis who wrote (8234)	3/16/1998 11:34:00 AM
From: E_K_S	Read Replies (3) of 64865

Hi Ben - Did you notice the large PUT transaction this AM for the Sun April 40 PUTS (.SUQPH ). Look's like 1013 contracts with last trade of $1.00. The Open Interest is 5708 as of Friday's close. Watch the Open interest figures for Tuesday and see if these number's expand or contract. My guess is that the Open Interest will expand by about 1,000 contracts. We should see some roll over option spreads on the April calls. We need to see if the bias is on the $45 calls, $42 1/2 calls or $47 1/2 calls or even the $40 calls. These trades may point to how the smart money will be hedging their position for the April expiration period. EKS

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