Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J. P. who wrote (26322)	7/16/1999 1:49:00 PM
From: Jake0302	Read Replies (1) \| Respond to of 74651

cramer finally caught up with what we have been talking about for a day or two. nice one jimbo. of course, taking the street public was pretty nice one too. Open Season on the OEX By James J. Cramer 7/16/99 11:30 AM ET This time it is the OEX July 730 calls that have people glued to their screen. There were 12,500 contracts still open as of this morning. I doubt that the market can rally through that level, but some of the shorts are worried that the OEX could coattail off the 9% exposure it has to Microsoft (MSFT:Nasdaq). It is Microsoft that is taking center stage in the options world, however. Everybody who was short the 'Soft July 95s -- 25,000 open contracts as of this morning -- got the head slam usually reserved for the dot-com world as the buyers of Mister Softee laid the July 95 call-sellers to waste. (Remember, short people figured that this stock would not break out.) Some are speculating that MSFT could go still higher, taking the OEX with it. I think that is wishful thinking. But it is what people are focusing on, so I am talking about it. I don't like the odds of an OEX ramp into the close. Again, I am an innocent bystander and will not play OEX calls