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

To: pompsander who wrote (28127)	8/30/1999 9:23:00 PM
From: Jdaasoc	Read Replies (2) \| Respond to of 93625

pomp: ZIf you look at option chart, no SEP PUT gained more than $1/2 in prices when stock was down over 2 pts. This is unusual that 20-25% of decrease in stock price is reflecting in PUT value. MM's are starting to dry up that rich premium income that was available previously. RMBS is still as erratic as ever and is over $100 now and premiums are going down. I will go out on limb and predict major gap in stock up for two reasons.1) IMHO, I think more people are writing PUT's than buying them. Why do you think that had THESTREET.com tout the "wiseness" of buy PUT and CALL. 2) 5 M short shares are out there that need to be bought. Why throw extra money at PUT writers when the stock should go up anyway. john