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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: MileHigh who wrote (1514)	8/17/1999 3:28:00 PM
From: J Gunn	Respond to of 15615

Any Options traders out there? Does this mean GBLX will definitely not trade at $35 in August? Found the below at The Street.Com Away from the action in the usual tech heavyweights, investors were playing with the options of merger partners Global Crossing (GBLX:Nasdaq) and Frontier (FRO:NYSE), although the impending marriage is reported to be rocky. Heaviest were Global's out-of-the-money August 35 calls, which traded 5,365 contracts against open interest of only 1,057 contracts. The August 35s moved between 7/16 and 9/16, or between $43.75 and $56.25 per contract.