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Technology Stocks : BAY Ntwks (under House)

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To: Bosco who wrote (5861)5/15/1998 1:02:00 AM
From: blankmind   of 6980
 
if open interest means anything, we will close at ____? does anyone
want to guess?

i have posted the open interest for bay. if i was reading
this, i would bet on bay to finish at 25 (+/- 3/8th). at 25 all the
25 put and calls expire worthless plus all the 27 1/2 calls expire
worthless. tomorrow will be an interesting and pressure day in my
opinion, with much pressure towards 25. the big positive is the
buyout speculation and why bay moved past 25.

BayNwk (BAY) Underlying stock price: 27 11/16
call put
Strike Expir Volume Last Open_Inter Volume Last Open_Interest
20 May 68 8 3/8 587 ... ... 531
22 1/2 May 38 5 1/4 1509 ... ... 2586
25 May 736 2 15/16 10611 75 1/16 4003
27 1/2 May 830 1/2 3641 305 1/4 1074
30 May 228 1/16 1986 ... ... 322
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