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Technology Stocks : Micron Only Forum
MU 242.78+0.7%11:45 AM EST
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To: Patrick Koehler who wrote (31324)3/28/1998 1:59:00 AM
From: John Graybill  Read Replies (1) of 53903
 
Patrick,

I noticed a lot of 10K blocks of MU on Thursday, so many
that I thought the CNBC ticker (my source) had a bug in
it. Price was 29 FWIW on every one as well, that's why I
thought something was wrong. I must have seen a dozen
blocks in about a half-hour.

100 contracts is equivalent to 10K shares (in a sense, of
course). If what I saw was indeed happening, maybe it was
some wacky hedging strategy.
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