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To: Elmer who wrote (143071)9/7/2001 12:31:15 PM
From: Road Walker  Read Replies (1) | Respond to of 186894
 
Elmer,

re: But for everyone who bought a Call there was someone selling one, right? Does that mean that for everyone bullish there is someone bearish?

Yes, but the brokerage can open a balancing position when they sell the calls. Open interest in those options was only 110,000, I suspect that the vast majority of the trade was new positions.

John