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To: ItsAllCyclical who wrote (58948)1/23/2000 1:22:00 AM
From: hdrjr  Read Replies (1) | Respond to of 95453
 
JimL,

I know little to nothing about options. But I noticed that someone bought 1400 FGH Jan. 5's on Fri. The price was 1 15/16 or about $270,000. Could that be a short hedging a bet? Or would that make sense?



To: ItsAllCyclical who wrote (58948)1/23/2000 5:36:00 PM
From: dmccoach  Read Replies (1) | Respond to of 95453
 
Jiml,

I'm not an options trader, but why would someone buy calls so far in the money? (do i have this correct?). If someone believed OEI was going to $11, then why not buy out of money calls (say $10 or $10.5?) for (i assume) a lot less!?

What do you think,
Dan