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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Jdaasoc who wrote (24289)	7/8/1999 3:38:00 PM
From: Dave B	Respond to of 93625

Jd, I think some people are starting to exercise CALL rather than sell CALL coming due to close their position. PUT buyers @ 95 & 100, assuming a pullback, don't want to let their shares go that cheaply and are closing PUT's at a small loss. I don't trade options, so I have no clue what this means. I understand the basics of buying and selling puts and calls, but the strategy of options is nothing I've ever looked at. Is there an easy explanation for these two sentences? What do you think people are expecting, a run-up or a drop? Thanks, Dave