Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Don Earl who wrote (22745)	6/17/1998 10:10:00 AM
From: Paul Fiondella	Read Replies (1) of 42771

As to that negative spread I think the MM's are playing chicken. Its 1/16th below the option execution price. So they are trying to make that 1/16th. I think this time they are going to get burned. More people will execute their options on Friday if the MM's don't bring the options prices up to a premium and that could cause the stock to pop up on Friday. A self-reinforcing double whammy for the sellers of naked Calls. Boy do I hope so. Crunch. Crunch. ============= Sorry I'm just having another one of those Intel celery chips for breakfast. The 12.5 June call is trading at 11/16ths. The stock is at 13 3/8ths. The spread is growing to 3/16ths.

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