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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Tom Bunge who wrote (26122)	7/15/1999 1:49:00 PM
From: Jake0302	Read Replies (1) \| Respond to of 74651

i think the same thing might be going on with aol. take a look at a recent chart. do you want all those calls exercised or sold when aol is above 125 or 130. net result is last hour of trading tomorrow should be up, as option holders bail, and institutions cover. and monday should be up as institutions pick up stock they needed to wait until after july expiry for. of course, this is all speculation, on my part, but i am trading accordingly. i have 30 msft july calls i am holding until last hour tomorrow... as well as 5 aols. the aols (july 105s) were a sweet grab back when the stock was at 94. institutions that write options can't do anything about the lucky bastards like myself who get into aol july 105s at 5 and sell at 20+, but they play the herds... and the thundering herds didn't take big out of the money call positions in MSFT, AOL and other stocks until greenspan spoke and the interest rate BS cleared. at least that is what common sense tells me. BWDIK?