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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?


To: Joe Waynick who wrote (16146)8/31/2001 5:59:22 PM
From: robert b furman  Respond to of 19079
 
Hi Joe,
meant to say 25-50 percent.
I'had put an offer to sell 10 contracts (1000 shares) and had (at the time) purchased 3000 shares. Ultimately the 10 contracts only represented 20 of my total purchase. My last 1000 at 12.01 gave me a buy on 4000 shares.

So the stock represented by the puts was 20% of the stocks actually purchased.

From seeing how it occurred ,I think the last transaction that happened was the put sell. Best I can tell it triggered when Orcl dipped into the 11's.

So far looks like I might get the stock - maybe just the money. We'll really know on dec 16th.

Hope that explains it better.

Bob