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Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?

To: gh who wrote (6324)	9/20/2002 11:53:20 AM
From: rkral	Read Replies (1) \| Respond to of 6974

sebl max-pain is $7.5 at iqauto. Did you remember to change the option month to Sep? Can't imagine why they have Jan 2002 as the default. Ron

To: gh who wrote (6324)	9/20/2002 12:27:46 PM
From: Clappy	Read Replies (2) \| Respond to of 6974

I lost the link to that Max Pain site however looking at the option chain I see a large amount of open interest in the calls at $10 and a large amount of OI in the Puts at $7.50. In order to screw the largest amount of contract buyers, some where in the range between 10 and 7.50 would seem to cause the most amount of damage. I'd laugh if it closed today at $7.51. I'd sure like to see a lot of this short interest disappear. Short covering will eventually provide for a nice pop.