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Technology Stocks : LSI Corporation

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To: Jock Hutchinson who wrote (14277)8/18/1998 4:47:00 PM
From: DavidG   of 25814
 
Jock,

Just an afterthought on another reason for selloff. It could be related to option expirations afterall they burned all calls down to August 20 real good today. The max pain on the highest open interest was 20, 22.5, and 25. As you can see high volume today.

cboe.pcquote.com

Also PUT volume for Aug 20's were very high. Low volume stocks like LSI can be easily manipulated for the option premiums by Specialists with maybe $20 million.

DavidG
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