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Technology Stocks : ATI Technologies in 1997 (T.ATY)
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To: axial who wrote (1169)9/22/1998 2:02:00 PM
From: Kelvin D. Nakamichi  Read Replies (3) of 5927
 
Hey jaskay;

I was just about to post something. I noticed in the last 15 min. 1:30 to 1:45, 150K traded which is 25% of the days volume.

AND, in that same 15 min. timeframe, someone bought 2000 contracts of the NOV 15 Calls at 1.70 which was BELOW the bid price at the time.

I wondered if the same person sold the stock and bought the options.
Then use the cash to repurchase the stock as earnings day gets close and bank a tidy profit on the options. I'm going to ask some more knowlegable people about the possibility of this tactic.

Kelvin
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