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Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM -- Ignore unavailable to you. Want to Upgrade?

To: lindend who wrote (307)	11/1/1999 3:48:00 PM
From: Q.	Read Replies (1) \| Respond to of 360

"Coyote Network Systems has had heavy option activity for three days, and there is no news" full story: CHICAGO, Nov 1 (Reuters) - Implied volatility stayed firm and turnover remained relatively high Monday in options on Coyote Network Systems Inc. (NASDAQ:CYOE). Implied vols in the usually quiet option stood at about 150 percent, up from the more-typical 130-percent area before last week's firming, said a market maker in the option at the Chicago Board Options Exchange. "It's (implied volatility) elevated slightly but not a real lot," he added. "It's usually a quiet little stock ... "Coyote Network Systems has had heavy option activity for three days, and there is no news," (but) we haven't heard anything." wrote Larry McMillan of McMillan Analysis Corp. in commentary Monday morning. "Stock volume is very positive. As mentioned last week, it was a failed rumor in August, and it peaked at 8-1/2." At 1149 CST/1749 GMT Monday, 490 calls and 140 puts had changed hands on the CBOE and the American Stock Exchange combined. Before last week's increase in activity, which saw turnover on Friday exceed 700 contracts, the option usually posted volume of less than 200 contracts. On Monday, the Nov. 5 calls dipped 1/16 to 1-1/16 at the CBOE on interexchange volume of 420 and open interest of 1,499. Shares of the Caifornia-based telecommunications company were up 3/16 at 5-11/16 on Nasdaq turnover of 158,300. chicago.derivatives.newsroom@reuters.com))