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Technology Stocks : Storage Technology- STK

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To: m33806 who wrote (494)	4/21/1999 10:51:00 PM
From: m33806	Read Replies (1) of 560

Is there more trouble ahead for this pig? I just noticed that someone BOUGHT 840 January $20 put contracts at $3 5/8. This was for certain a buy as the prior open interest was only 164 contracts and this NEW interest went at the ASK! Folks that is a $304,500 bet, before commission, that STK is going way down. The mutt has to go to $16 3/8 before those contracts are in the money. To make a reasonable profit to cover the risk, one must assume that some very smart money thinks this stock goes to the $10 to $12 area!

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