Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff O'Brien who wrote (39672)	8/24/2000 9:50:05 PM
From: t2	Read Replies (3) \| Respond to of 77400

Not sure those puts have been sold yet. There is still an open interest on Sept. 60 puts of 52,000 contracts That has nothing to do with open interest. The open interest cannot decrease. The puts may or may not get circulated from now to expiration. That is why volume that day was about 62000, more than the open interest. The current holders probably have a long position on the common stock in conjunction with the puts if they are risk averse. Open interest can only increase. Options are pretty complex to figure out a straight forward answer of what is really happening. The most we can do is take a reasonable guess.