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To: upanddown who wrote (61963)3/10/2000 4:56:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
Talk about timing on OXY...

Someone made a $840,000 options bet on OXY today buying 2100 Aug 15 calls for $4. Almost all the other strike prices are empty...this is one buyer. Also, this was the high price for the day so they were not selling covered calls. Typically you wouldn't write a covered call in-the-money anyway.

quote.cboe.com

The Aug 15's now have the highest # of options outstanding in any expiration/strike price so you know it was a big purchase even for a $6 billion dollar company such as OXY.

I'm under the impression that one of the ways the option writer may cover such a purchase is to go long the stock himself.

OEI, VPI, XTO all saw big moves a few days/weeks after similar large option purchases. You can come it with various reasons, but anyone making that large of an option bet has done his homework (of course I got my yesterday for 3 5/8 :)

I bought more Jan 20's near the close, 2 3/16 is still a good price. OXY options are currently my largest holding. I have April 17.5's, May 15's, Aug 15's and Jan 20's. Dollar wise most of the money is in the Aug 15's.

I will take some profits when OXY hits 19-21 and again when it hits 24-26 and then let about 1/3 to 1/4 of my position run till expiration.



To: upanddown who wrote (61963)3/10/2000 4:58:00 PM
From: Evolution  Respond to of 95453
 
OT - OT - OT
Hey, SI has the Ignore feature, don't forget it!
If you use it like I do, Sarge will not torture you.

Right now, Sarge does not bother me because SI ignores him for me. Only replies to Sarge bother me, because they are not ignored...

So please stop replying to Sarge, I mean you and many others, mostly Slider.
Actually, I wish Slider would refrain from provoking Sarge. It looks like Slider is playing with him like cat with mouse, when the mouse no longer moves, Slider trows his paw and tries to reanimate it so he can play some more. :-)

Well, this is funny for a while, but it gets tiring now... Let's give it a rest, please...



To: upanddown who wrote (61963)3/10/2000 4:59:00 PM
From: SargeK  Read Replies (1) | Respond to of 95453
 
O/T to member lurkers and none-members who monitor this message board

I think remarks such as this one posted on YAHOO FGH today, must STING the Boiler Room crowd severely:

"SargeK
by: marc_ingenoso_phd (38/M/Chicago, IL) 3/10/00 11:04 am
Msg: 5465 of 5490

You are the most eloquent poster on this board. Were you ever a technical writer?

-Marc"

messages.yahoo.com


FGH, Last Trade of the Day 19,200 shares at 6 «
host.cnbc.com
Looks like the SMART MONEY is still accumulating!!!!!!!!!!!!!

COMMENT: It has been somewhat educational to realize that the occasional posting of factual information and in depth analysis is NO MATCH for baseless rumor, unsubstantiated allegations, and innuendo. When the Boiler Room motto of "SPIN to WIN" fails to achieve its self-serving purposes, the spread of disinformation, misinformation and OLD negative news often follows. The out of context distortions of information is often accompanied by vigorous slanderous assaults on the Company, its officers and anyone with an opposing view. Vulgar, personal attacks on individuals are common, not the exception and is just ONE of many disingenuous tactics employed in the Boiler Room modus operandi.

Perhaps it is this type of eloquence, succinctly stated; that the Yahoo Poster was referrring!!!!! >VBG<

Good Luck

SargeK