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To: TideGlider who wrote (9852)	11/16/1997 3:01:00 PM
From: Shakush	Read Replies (2) \| Respond to of 25960

Bruce, you have made several references to seeing stocks dragged across certain strikes at expiry. I think the current Option OI implies next Friday's close will be between 17 « and 20. The converse of the Nov17.5P "put support" on ample display this past week (IMO) may manifest itself this week in the form of Nov20C "call resistance". Reported CQGKD OI for 11/14 was 1688, volume was 335. Monday's OI #'s will be of particular interest, ie., a corresponding increase in OI could indicate confidence that the stock is not going significantly higher before next Monday and a decline could indicate the fear that it will. OI increased (albeit slightly) each of the previous 3 days. If the pros were selling calls on Friday and the stock breaks out early this week, the Nov 20C positions alone would add close to 200K worth of extra fuel for Curly's Fire. As of Friday, Nov Call OI, 15' = 207, 17.5's = 87, 20's = 1688, 22.5's - 1972, 25's -3614, a total of about 757K, or a whole lotta covering going on if it gets away from them. Above that, in the 27.5's, 30's and 32.5's is another 984K. Of historical interest, the Nov20C reported OI went from 0 to 1532 on 10/23, so 90% of the current Nov20C OI was put on the day before the earnings release (10/22). Hmmm. I'll put the data tables on the next post. Duane

To: TideGlider who wrote (9852)	11/16/1997 3:09:00 PM
From: Shakush	Read Replies (1) \| Respond to of 25960

11/14 put/call ratios and nearby strike position changes OI Put / Call Ratio Date Close Nov17.5 Nov20 Nov22.5 Nov25's Nov27.5 Feb27.5 7-Nov 21.75 6.00 0.37 0.34 0.42 0.71 0.46 10-Nov 20.69 6.00 0.31 0.33 0.40 0.71 0.48 11-Nov 19.69 4.57 0.31 0.32 0.40 0.71 0.50 12-Nov 17.88 4.40 0.31 0.33 0.40 0.43 2.15 13-Nov 18.75 4.58 0.28 0.31 0.38 0.43 2.11 14-Nov 20.75 3.26 0.27 0.31 0.38 0.43 1.30 Nov17.5P Vol OI Chg 11-Nov 19.69 34 174 12-Nov 17.88 142 176 2 13-Nov 18.75 68 284 108 14-Nov 20.75 14 284 0 15-Nov ? Nov20C Vol OI Chg 11-Nov 19.69 43 1593 12-Nov 17.88 143 1613 20 13-Nov 18.75 71 1655 42 14-Nov 20.75 335 1688 33 15-Nov ? Nov22.5C Vol OI Chg 11-Nov 19.69 83 1985 12-Nov 17.88 118 1988 3 13-Nov 18.75 25 1997 9 14-Nov 20.75 90 1972 -25 15-Nov ? Nov25C Vol OI Chg 11-Nov 19.69 90 3646 12-Nov 17.88 52 3650 4 13-Nov 18.75 0 3614 -36 14-Nov 20.75 8 3614 0 15-Nov ? Nov27.5P Vol OI Chg 11-Nov 19.69 809 1613 12-Nov 17.88 0 983 -630 13-Nov 18.75 21 983 0 14-Nov 20.75 9 962 -21 15-Nov ?