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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (27582)	10/31/1997 2:43:00 PM
From: Carlyle	Read Replies (1) \| Respond to of 58727

Jim, Might "explain".... from a post on the WDC thread back about 10/25. Some news I can give you is Goldman Sachs has sold 2,445 of WDC's Nov 35 calls, and bought 2,751 of the Nov 35 puts. Clearly, GS doesn't like WDC. I expect it to trade between mid 20s to low 30s in November with it slowly rising towards earnings report in January. It will be below $35 on November options expiration. I don't think it will go below $25, but I can't make up my mind about $30 level. But obviously I have been wrong in the past <<gg>>. Carlyle