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To: sammaster who wrote (93601)	4/12/2001 4:13:29 PM
From: mishedlo	Read Replies (2) \| Respond to of 436258

is that legal to do for a fund company? a huge fund could take a large call position in a slowly traded stock and jam it with a few huge market orders and dump the calls for huge profits even if they take losses in unwinding the stock they actually bot... I have no idea but it sure as hell should not be legal. There is another possibility, however. Someone sold covered calls as a hedge and that makes the option pits the holders and they could jam things up. That latter scenario does not seem right. Look at BA for example. 10,000 apr 35 calls and 10,000 apr 35 puts there abouts. Thit is pretty certain someone selling deep in the money covered calls and further hedging the downside with puts. Undoubtedly someone wanted to get rid of 1,000,000 shares of BA and that is an easy way to do it, I think. Or maybe someone knows something or thought they knew something. That position on RIMM is especially odd. One huge block of calls. Clearly an institution position on an otherwise very thinly optioned stock. If the option pits sold those calls, no way in hell RIMM finishes above 25 next month IMHO. How high does it get in the meantime is the question. I wish I noticed when that block appeared. M