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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: s martin who wrote (18408)	11/15/1997 6:50:00 AM
From: Skeeter Bug	Respond to of 55532

sm, 50 contracts, 100 shares per contract. somebody is buying puts in anticipation of further price erosion and nobody is buying calls. who is buying puts? 19,000 puts (over $60k in one day?) not grandma, imho ;-) perhaps this has been a trend for many days. i will watch it going forward. if i wanted to ditch out millions of shares - and fidelity owned over 36 million shares of mu when they were $60 - i'd buy puts so that when i sold and drove the price down i would make money on the leverage of the options. pure speculation on my part... though somebody is clearly putting (pun intended) their money on mu going down...