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.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (64515)	9/27/1999 5:58:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 86076

I don't know. It's apparently large customer business, but whether a hedge fund or pension fund is anyone's guess. The reports I got from the floor were that the most active sellers during the last week have been Cargill and Merrill today, and Cargill, Merrill and SSB last week. These were size orders of 500 to 1,000 contracts at a time. (A 1,000 lot order contains the price change on approximately $325 million of stock. The hedger/speculator can go through cash settlement, lift the hedge or roll into March later.) I'm just guessing its the same player cause 500 to 1000 lots came simultaneously off both desks at least twice that I remember suggesting the seller was splitting the ticket between Cargill and Merrill. One never "knows" for sure about these things but it fits the "m.o." of a pension fund shifting risk to protect assets. FWIW.