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Technology Stocks : BAY Ntwks (under House)

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To: Ben Antanaitis who wrote (6815)7/4/1998 11:47:00 AM
From: jach  Read Replies (1) of 6980
 
<The Max-Pain point is at $30 even with the current price at 32 1/8.
It looks like there is a large amount of optimism in the call side of $30, with the put side
being a defensive play against some form of disappointment.>>

a very large open interest in conjunction with stock above substantially from the strike can indeed push up the price much higher. If bay(NT) can hold on and move up a few pts in the next few days it's possible that the stock will have a good run up.
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