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To: NOW who wrote (112178)7/11/2001 6:49:15 PM
From: Jack of All Trades  Respond to of 436258
 
It says that call demand was high, therefore a large premium... Calls usually command more of a premi than puts but that is more like 2:1...

The big question is IMO, is whether or not they were hedging or purely buying... I'm hoping that it was hedging based on the large volume spikes earlier this month. Pure buying would mean they probably know something or like Luc indicated that GE bottoms before earnings announcements...

BIDKJS

EDIT it would also require the options writer to take a offsetting position which could be done a few different ways with options or common stock...