Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (21850)	7/19/1998 12:34:00 AM
From: James F. Hopkins	Read Replies (1) of 94695

Bill; I ain't got it figured either, just a guess..but I'm getting this figured, those stocks that had sell on close, had to exercise then sell as the BID on the option was too low.. But I jumped to look at LU, and guess what, they were bidding that one at a premium, same with MSFT.. Looking at these options at expiration seems to indicate how much people want the shares, just by the bid / ask and last trade right about at the money. If the option is at a discount then they exercise and sell, but if it's at a premium and most of them exercise anyway, I would think that is bullish. Jim

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