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 : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (27843)	8/27/1999 12:55:00 AM
From: pompsander	Respond to of 93625

There is a little option excitement in the bus...from the Street.com... Amid a rumor mill that's heaving and out of breath, options investors bellied up to Wall Street's betting table Thursday to poke around the chips -- the options, that is. The Philadelphia Semiconductor Index, or SOX, recorded an intraday high Thursday as a result. "There was a lot of easy money made in the past five years in the options market, just deals, deals and more deals," said Michelle Hiller Skupp with Miller Tabak in New York. "But now the froth is out of the market. It's much harder to make money." So it was back to the building blocks like chip and chip-equipment companies. The SOX started its rally Tuesday and then hit an all-time intraday high Thursday of 543.6. September 550 calls on the SOX were up 1 3/4 ($175) to 15 ($1,500), and the September 560 calls were up 1 1/8 ($112.50) to 10 1/8 ($1,12.50). Volatility Index Today % Change 21.48 +3.92 Source: ILX Rambus (RMBS:Nasdaq) continued to witness call-buying, even in out-of-the-money strikes ahead of what's viewed as the company's D-Day at an upcoming conference. (TheStreet.com interviewed Rambus' CEO earlier this week.) Randy Emer with Eclipse, Rambus' option market maker at the Chicago Board Options Exchange, pointed out that up to this point, much of the order flow in the options has been evenly divided between puts and calls, indicating that "perhaps a lot of the news was being accounted for in the stock price." Rambus licenses and markets chip-to-chip interface technology for use in consumer electronics, computer systems and other electronic systems. Rambus stock was up 7 3/16 to 103 7/8; the September 105 calls were up 2 3/4 ($275) to 7 ($700) and the September 110 calls up 2 1/8 ($212.50) to 5 1/8 ($512.50) on thin volume.