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Technology Stocks : LSI Corporation
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To: Moonray who wrote (16847)2/4/1999 2:44:00 PM
From: DavidG  Read Replies (1) of 25814
 
Moonray,

Well LSI more than filled the gap today, maybe with a little help from Kurlak<g>, so I bought a little more of LSIDE options. Made an interesting observation while making my purchase. This morning around 11am someone bought 1000 contracts of LSIDE calls and 1000 LSIPE PUTs. Usually this is done to play a stock that will show extreme volatility and movement.,,and it doesn't matter which direction.

Many are doing this with the interNUTS, and a 30-40% move makes one set of options virtually worthless while the other doubles or more in price.

It certainly worked well for the AMZN's and EBAY's but we'll have to see about LSI.

DavidG
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