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To: mthomas who wrote (1870)12/17/1999 11:55:00 PM
From: dwayanu  Respond to of 10934
 
> While discussing options shenanigans.......... Check out the last hour saw NTAP drop 15 points, and this seems to cover the VERY largest open options, calls at 150,and the puts at 150 would make the writers all come out very swell......moments before the market closes........how coincidental....

sigh.... bailed out of my NTAP 150 and 145 puts after lunch, figured no chance. Saw the downdraft at 3:10 or so, the 150's had already been sold at 7/16, managed to desperately cancel the 145's sale, then tried to get 2 1/2 for then. Net result null + severe eyestrain. sigh... was going to finance some more NTAP long.

BTW, they did the same thing to QCOM today (except the pressure let up 5 minutes before the close, and all the market orders I guess shot the price up 10 points).

- Dway