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Technology Stocks : AOL, now I get it

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To: Todd Daniels who wrote (459)2/7/1997 11:33:00 AM
From: roger dixon   of 496
 
To All;
I just pulled this quote from PBS-

>PACIFIC BROKERAGE SERVICES, INC. - QUOTATION SYSTEM
>2/7/97 8:04 AM PST
>AOLAMERICA ONLINE INC Last 36 3/4 Chg -1 3/8 Vol 1,505,700

>SYMBOL DESCRIPTION LAST CHG HIGH LOW VOL
>.AOLDJ C APR 97 50.000 13/16 -3/4 13/16 13/16 2,000

Yesterday, this call was selling for 1 9/16 with no volume.
I'm new to options trading, but if I'm not mistaken, somebody just bet $163K that AOL would finish above $50 in April. Someone please correct me if I'm wrong. If true, who is this guy and what does he know that we don't? Any thoughts on why someone would take a shot like this?

Rog
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