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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: Bob Kim who wrote (6071)	10/2/1999 8:16:00 PM
From: Just_Observing	Read Replies (1) \| Respond to of 7342

12200 of the Dec. 55 calls traded on TLAB on Friday That is a huge number of calls given that open interest was around 500. These calls represent 1.22 million shares of TLAB (versus around 4.8 million of shares traded on Friday). All of them traded in a very narrow range near 6.5 (6 3/8 to 6 5/8). I wonder what's the significance of such a large volume of calls. They are not that deep in the money to be bearish and not that out of the money to be bullish. Why December and why the 55 strike ? Perhaps, a mutual fund hedging risk by selling calls.