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Technology Stocks : AOL, now I get it

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To: James F. Hopkins who wrote (471)2/9/1997 1:40:00 PM
From: roger dixon   of 496
 
Hi Jim,
>.AOLDJ C APR 97 50.000 13/16 -3/4 13/16 13/16 2,000
>.AOLNG P FEB 97 35.000 1 9/16 +7/16 1 3/4 1 3/16 3,720
Also note that the call buyer appeared to get a discount (-3/4) while the put buyer may have paid a premium (+ 7/16). Your next post with the call/put ratio is very interesting. It looks like some serious money has come to play. Sooner or later they had to make their move. I expect that this may finally give a clear direction to the stock, unlike the tap-dance of the last several weeks. I may have missed some bargains by waiting this long to grab some puts, but I'm feeling very confident right now. Since last fall I've believed that AOL was doomed. There was no question of 'if' but a big question of 'when'. I now think 'when' may be very soon.

Rog
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