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To: Jerry Olson who wrote (49488)7/9/1999 11:39:00 AM
From: cirrus  Read Replies (1) | Respond to of 120523
 
Q re: IMCL options...

Can someone briefly explain the following activity in IMCL November 25 call options?

I bought 5 contracts on Wed at 5 1/4 ask, with IMCL trading at 26 3/4. Today IMCL is trading at 27 1/4. November 25 calls are bid 6 3/8 bid 6 3/4 ask. The calls really went out of step with the stock.

This on no activity except my buy Wednesday and someone else's two (now another ten) contracts today.

I'm pleased, of course, but can someone briefly explain who triggered the rather large rise in the Nov calls... and why?

Thanks!