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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (23902)	7/25/2000 2:23:54 PM
From: ahhaha	Read Replies (2) \| Respond to of 29970

Whatever happened to the windbag, "back up the truck" Nelson? Aside from getting his tires shot out by Impristine I believe he must have dumped his truck and he didn't even tell us. He must have been a pumper and dumper.

To: GraceZ who wrote (23902)	7/25/2000 3:10:29 PM
From: M. Frank Greiffenstein	Read Replies (2) \| Respond to of 29970

Hey, some interesting ATHM news from the options area: Excite@Home Bulls Creep into Options Market By Brian Louis TheStreet.com Staff Reporter 7/25/00 1:38 PM ET Someone out there is betting big that the bad days for Excite@Home's (ATHM:Nasdaq - news) stock are over. Volatility Index Today % Change 21.92 -2.32 Source: ILX Excite@Home, an online service provider and content company, has seen its stock get hammered this year, and as of Monday's close was off 62% year to date. On Tuesday, it was off 3/16 to 15 15/16. Put/Call Ratio Today (Noon) Previous Close 0.42 0.41 Source: ILX In options land, the volume in the August 15 puts on Excite@Home has been staggering the last couple of days, and most of that has been put selling. While put buyers are typically seen as bears, put sellers take in a premium against the risk of the stock falling and having to purchase shares at the strike price (15, in this case) to fulfill the contract's exercise. That makes the basic strategy of a put sale bullish because the seller profits from the stock rising, or sitting still because the options expire worthless. Judging from the trading, someone is betting on a rise in Excite@Home's stock, or at the very least that the pain shareholders have endured this year is about over. So far this week, nearly 24,500 August 15 puts have been sold on the Chicago Board Options Exchange, according to one market source. On Monday, 20,300 of the August 15 puts traded, compared to about 6,200 contracts already in play at Friday's close, signaling those were new positions. Some of those positions were closed, however, and open interest stood at nearly 15,000 contracts as of Monday's close, still a whale of a lot more than the open interest as of Friday's close. According to the market source, the August 15 puts have been sold at between 3/4 ($75) to 13/16 ($81.25). The selling is apparently coming from a customer who is most likely speculating that the stock price of Excite@Home is going to rise, or at the very least, isn't going to keep sliding. By selling the puts, the customer is speculating that the Excite@Home stock isn't going to fall below 15 and the option will expire worthless and thus the seller can keep the premium collected for selling the contract. Or, worst-case scenario, even if Excite@Home's stock falls and expires in the money, and the customer is put the stock, the customer won't mind owning the stock at 15. August options expire on Friday, Aug. 18. The August 15 puts were trading down 1/16 ($6.25) to 3/4 ($75) Tuesday on the CBOE on volume of 4,449