You probably have seen this. I haven't been keeping up, so if it's been posted EXXXCUUSE ME!!!
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"There's really nothing concentrating on any one issue," said Rod Jamieson, vice president of options
strategy at EVEREN Securities. "There's just been more in tech stocks as usual, people kind of
playing them for the bounces."
U.S. Robotics Corp ( US Robotics Corp ) drew good interest as the company began shipping its
long awaited x2 modems, which provide high-speed connection to the Internet.
Michael Schwartz, a managing director of Oppenheimer & Co, said call buyers had to chase rapidly
receding offers when the stock began rising in early trade.
March 65.0 call was the heaviest traded on volume of 2,583 contracts, with the stock up 2-1/2 at
59-1/8.
Jamieson said U.S. Robotics had also seen some good interest in selling puts recently. But he said
the stock had been falling steadily since December and might not be out of the woods yet. |
