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To: hdrjr who wrote (58967)1/23/2000 4:43:00 PM
From: upanddown  Respond to of 95453
 
IMO, that big buy in FGH Jan 5's was probably just a hedge fund closing out a large short call position in the Jan 5's. Buying all those options at parity 20 minutes before expiration makes no sense. Might as well just buy the stock outright....same result. The OI is just above 1400 and I don't know what the Thurs OI was but if the OI is reduced by the volume, it usually indicates a "buy to close" transaction.