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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (58655)5/6/1999 4:33:00 AM
From: GuinnessGuy  Read Replies (1) of 132070
 
Mike,

Thanks for the clarification. Obviously I'm going to have to do some more homework on options. One thing that may be a coincidence is that at the moment that the 10,000 contract Dell put went through, the market for the techs just magically turned around. This is especially true of KLAC and AMAT and TER. These issues turned around almost on a dime when this went through. Later, many others followed.

Do you see this as a coincidence? Personally I've never witnessed a 10,000 contract option trade and was thinking that it may have been the 'butterfly that flapped its wings', causing the NAZ to fly 100 points in no time. Any chance of this in your opinion?

Craig
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