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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: John Graybill who wrote (47848)	8/27/1999 7:23:00 PM
From: TREND1	Read Replies (1) \| Respond to of 53903

John My Pacbell ADSL is up and running today. It sure is fast ! No longer see loading of Micron postings. It just flashes up ! Larry Dudash

To: John Graybill who wrote (47848)	8/27/1999 7:55:00 PM
From: Land_Lubber	Respond to of 53903

Just been checking CBOE. Looks to me like someone purchased 1000 contracts of MU Sep 70 calls today at about 1039 EDT (two fills within 5 minutes), for a price of 3 7/8. At that time, MU was rebounding from its low of the day. From the price action it looks to me like a buy, not a sell. This is far more MU option contracts than were traded in this or any other month/strike today, so it could not be part of any spread or combination. Looks to me like a straight $387,500 bet that MU is heading up in the next few days. A 30% profit could have been taken as early as 1400 today, but the only significant sell was for 130 contracts at $5, so our "man" is holding at least overnight. Land_Lubber