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Non-Tech : The New Iomega '2000' Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: David S. who wrote (2222)	8/11/1999 9:32:00 PM
From: Ben Antanaitis	Read Replies (2) \| Respond to of 5023

David, Last Friday, there were 66,526 open IOM Aug 7.5 PUT contracts. The vast majority were created on August 2nd in a huge transaction. Today, there are 758 open IOM Aug 7.5 PUT Contracts. That's 65,000+ contracts that 'closed'. Now, how did they 'close'? Were they bought back by the sellers, or were they exercised out of existence? I don't know, I don't think there is an easy way to find out either. But, as a result of that $7.5 PUT activity over the past four trading days, and this morning's 16750 Aug 5 PUT transaction, the Max-Pain Point™ has moved down from $7.5 to settle in at $5. Don't know what's going on, but it's big bucks. Ben A. Someone wanted out of the $7.5's and into the $5's.....