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

To: Tom Barnum who wrote (4491)	11/4/1997 10:45:00 PM
From: tom pope	Respond to of 9124

i know a lot of people won't agree the following, but here goes -- there are roughly 8000 puts and calls of open interest in the nov 35's, representing 800,000 shares. against that you have a stock with a trading volume of some 2.5 mm shares today. even if you assume that all those contracts were written by market professionals, it seems to me that it would take a lot of heavy lifting for the option writers to keep such an active stock right at 35 to ensure that their option positions expire worthless. possibly more work than the relatively small profit potential - $400,000 a point, maximum - would make worthwhile. just my opinion.