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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: James Lee Baldwin who wrote (102626)	4/6/2000 4:12:00 PM
From: James Lee Baldwin	Respond to of 1574794

U.S. Options - Advanced Micro Devices vols stay high CHICAGO, April 6 (Reuters) - Implied volatility in options for computer chip maker Advanced Micro Devices Inc. remained high but options volume died down on Thursday as the stock spiked to a new 52-week high. New York Stock Exchange shares of Advanced Micro Devices rose 3-3/8 to 71-3/8, off its new high of 74, on turnover of about 3.7 million shares by midday Thursday. The stock, which has been moving upward, also hit a new 52-week high on Wednesday at 69 before closing at 68, after the company said it expects first-quarter sales to top $1 billion. Implied volatility for the April 70 calls stood at around 98 to 100 percent, unchanged from Wednesday's levels, said Tom Shanahan, designated primary market maker with KFT DPM at the Chicago Board Options Exchange. The vols have been 98 to 100 (percent) during the last couple of days," he said. "Yesterday afternoon, one large institutional customer sold about 5,000 to 6,000 April 65 puts when the stock was around 67 or 68." One of the busiest options was the April 70 calls on the Pacific Exchange, which rose 1-7/8 to 6-5/8 on Pacific Exchange turnover of 1,056 contracts and open interest of 4,115 at 11:49 a.m. CDT (1649 GMT). Although options volume was "surprisingly light" on Thursday, it has been busy over the past few sessions, the market maker said. On Wednesday, 27,454 contracts traded, of which 16,752 were calls and 10,702 were puts, up from its recent average daily volume of 11,536 contracts. ((Doris Frankel, Chicago Derivatives Desk(312)408-8750 chicago.derivatives.newsroom@reuters.com))

To: James Lee Baldwin who wrote (102626)	4/6/2000 4:18:00 PM
From: niceguy767	Read Replies (2) \| Respond to of 1574794

James Lee Baldwin: Re: "Computer and chip makers were up on NYSE as well. Compaq Computer Corp. (CPQ) gained 1.19 to 29.06, being the second most traded stock on the exchange. The rise is due to news that Saudi billionaire Prince Alwaleed bin Talal has recently invested $1 billion in technology stocks - $400 million of which were in CPQ shares. Although not in the prince's portfolio, Advanced Micro Devices Inc. (AMD) gained 3.25 to 71.62. Yesterday, AMD's shares rose more than 10% to a new 52-week high, after the company said it expects first-quarter sales to top $1 billion. Comment: Once again 15% of AMD's shares have changed hands in the past 2 days...Just not enough shares to spread around it seems...Imagine the flurry if Dell jumps aboard (which imho is inevitable if they wish to compete adequately at the top-end of 850 MHz and above).