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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (6796)	9/8/1999 11:31:00 AM
From: R.E.B.	Read Replies (2) \| Respond to of 8358

OPTION ALERT ON CS 2,300 contracts for the Sept. $17 1/2 CALLS. One buy alone was 2,000 contracts on the philadelphia exchange. That's an incredible amount given the short time-frame until the options expire. Over 3,500 contracts traded for the Oct. $20 CALLS which is 3 TIMES the open interest as of this morning. Something's goin' on here !!! EDIT Make that 2,500 on the SEPT 17 1/2 and 4,600 on the OCT 20. EDIT AGAIN Make that 5,600 OCT 20s