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Technology Stocks : Micron Only Forum

MU 284.79

-0.7%

Dec 26 3:59 PM EST

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To: JF2155 who wrote (39134)	9/28/1998 1:26:00 AM
From: Carl R.	Read Replies (1) of 53903

Not only is the stock moving up strongly, but options buyers are very optimistic as well. Going into earnings there are currently 28,200 October calls outstanding that are in the money but only 1800 puts in the money out. If the stock moves above 35 the numbers shift to about 40,000 calls in the money and 500 puts in the money. I haven't been tracking MU options activity carefully in the past. Does anyone know if it is normal for options buyers to be this bullish going into earnings? Carl

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