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To: Jeff Sutton who wrote (7739)7/22/1999 9:12:00 PM
From: George Cowsar  Respond to of 13953
 
>> FWIW, a lot of action in the August 35 calls today.
>> Guess we don't know if they were buys or writes.

There is an open interest of Aug 35 Calls of 3144 contracts, with total volume since the strike was opened of 7348, and 65% of the trading has been in the last 4 days: 1207, 1261, 942, 1373 = 4783.

Probably a lot of this has been new writing (the first two days) with some buy backs in the last two days, leaving nearly 43% as open interest.