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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sig who wrote (174685)	4/13/2005 1:23:20 PM
From: GVTucker	Respond to of 176388

Well, I suppose we can disagree, though I haven't ever seen any evidence to support what you're talking about. Heck, just look at Dell's action today. The nearest strike and the highest open interest strike is the 37½. But the stock price didn't stop there, it has gone straight through 37½.

To: Sig who wrote (174685)	4/13/2005 2:29:07 PM
From: kaka	Read Replies (2) \| Respond to of 176388

Sig, I think the soft rule is that the equity will generally move towards the strike with the highest open interest, with generally being the operative word. Somehow, especially with dell over the years, I've managed to be short straddled at expiration right at the strike dells wind up....unlike you I hold these positions right until the last 1/2 hour on expiration friday. IBM down 8 days in a row since company announced it would expense options. This probably has more to do with DELL down than any options manipulation, along with management saying they'll make their number for the quarter...how dare they!! cheers,