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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (7537)	2/5/2000 11:28:00 PM
From: R.E.B.	Respond to of 8358

Jake, I'm blown away by the options activity on CS for the FEBRUARY $30 strike. Folks are paying about $1 1/4 for the $30 option and it expires in two weeks. The gamblers are pricing CS at better than $31 for Feb 18th??? Am I not hearing the drums beating in the forest? Does someone know something I don't (god forbid). And guess what else, the Feb $25 PUTS are still going for 9/16ths at the bid... LOL, come Monday I'm selling more CS FEB $25 PUTS and using the money to buy CS Calls..... this is almost like stealing money.