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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Linda Kaplan who wrote (6316)4/26/1999 4:36:00 PM
From: Patrick Macnamara  Read Replies (1) of 6565
 
Linda:

Any idea about the significance of this (from the Street.com)?

A big trade in semiconductor concern VLSI (VLSI:Nasdaq) amounted to a strangle trade, a combination involving a put and call at different strikes with the same expiration date. A total of 6,000 June 17 1/2 puts traded at 5/8 ($62.50) per contract, and roughly the same in June 20 calls down 3/16 ($18.75) to 13 1/6. "The stock has been in play," said one floor broker.

"Some people still carry that opinion and are moving on it." Meanwhile, VLSI stock dipped down 1/8 to 19 1/8.

-Patrick
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