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Technology Stocks : Ciena (CIEN)
CIEN 188.78+1.0%Nov 19 4:00 PM EST

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To: Gary Wisdom who wrote (4195)10/9/1998 12:51:00 AM
From: Bald Man from Mars  Read Replies (2) of 12623
 
I agree with you, a total of 991 contracts traded for the
Oct 15 ... consider going from 8-1/4 to 15 is
almost a double in a week ... is this dude's 7500 going down the
tube, or does he know something we don't ...
may be he is betting we will get to 12 or 13 in a couple of days,
then the option will trade at 1/2 or so ???

May be someone sold a covered call and just buying it back to
close the position, but he can let it expire next week ???
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