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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (50910)	11/18/1999 2:21:00 PM
From: Ruffian	Read Replies (4) \| Respond to of 152472

Options Situation> Option Situation by: Flooor_Trader 11/18/1999 2:10 pm EST Msg: 60187 of 60187 Is evolving the same as yesterday. Very little covering of the naked written calls when the stock was down today. The uncovered position in November calls remains massive at this late hour. Our desk is a bit concerned and believe me our compliance folks are all over the capital requirements of the writers, Will be interesting to see what happens. Its seems a game of chicken with no one wanting to go first to cover. Today's 5.77 million in volume so far is wholly inadequate to show any meaning ful covering. Stay tuned and stay long.