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Technology Stocks : Winstar Comm. (WCII)
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To: Steven Bowen who wrote (9331)11/17/1998 1:29:00 PM
From: Brian Coakley  Read Replies (2) of 12468
 
Check out the April 30 call and put activity. Looks like someone wrote 500 calls and bought the puts for a debit of 5/8's ($31,250).
The trade is essentially a short of 50,000 shares and means someone has a serious negative bias about WCII as the trade mirrors the movement of the stock price, and the person will make money if the stock moves lower or closes below 29 3/8 in April.

Interesting.

Regards, Brian
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