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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: view who wrote (24384)	10/24/1997 7:07:00 PM
From: Pete	Read Replies (1) \| Respond to of 50808

It is not a hedge. Instead the put buyer is giving away his money as it is very unlikely for CUBE to drop below $15 by Feb.

To: view who wrote (24384)	10/25/1997 6:49:00 AM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 50808

view: How do you figure that a single sale of 1000 Feb15 puts at 3/16th took place Nov24 when the "last trade" size is being reported as 200 ? Are you suggesting that a single buyer bought several large lots of Feb15 puts ? Total volumn was 1000 (Feb15 puts) and 3/16th was the low of the day. Didn't the 3/16th sale actually represent a -78.57 % decrease in value from the previous day trade ? So it dropped in value by 11/16th. I'm curious what you think of the Feb15 put dropping in value on a day when CUBE drops over 2 points ? Anyway, isn't it possible that people were just buying back Feb15 puts that they perhaps sold naked back when she was in the $16s ? If so then maybe they closed out their 'naked' put position ?