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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: Rodney Lockhart who wrote (10085)11/19/1997 1:12:00 PM
From: SPEEDRACER  Respond to of 25960
 
Rodney, I assure you , The open interest in CYMI options is not enough to materially affect the stock price if there is to be a big move the option OI is chump change. It trades over 1million shares a day. SPEEDY================================================================



To: Rodney Lockhart who wrote (10085)11/19/1997 2:07:00 PM
From: Shakush  Read Replies (1) | Respond to of 25960
 
Rodney, re: <Parity for November options is at $22.50.>

How do you calculate it? I've been following put/call ratios and OI changes and my assumption is they will leave as little money on the table as possible. I think we'll see $20 or less Friday unless they take more call OI off the table before then on dips.

And I disagree with the chump change comment from speedy. The call OI represents exposure to real shares and there is 2mil woth above $20. Speedy needs to adjust his share volumes as elucidated by Tide Glider's posts on Sunday. Like divide the reported volume by 2, and then divide by 2 again to approximate actual real shares changing hands between investors.