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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Ms. Baby Boomer who wrote (77200)	10/16/2013 2:25:30 PM
From: robert b furman	Read Replies (1) \| Respond to of 77397

With options expiring this weekend,there is a battle royal going on with Csco around the exercise price of 23. With 34277 puts in open interest at 23 and only 20125 calls out there,my bet is the MM will close it out just above 23.00. Of course there will then be a small fraction of call owners who will want to buy Csco @ 23.00 (which most likely means they are buying into a above cost transaction) Thie little dip below 23.00 today is accumulating enough inventory so that those buyers can be accomodated at a small profit from the MM. Inventory rebalancing - always at a profit - you have to admit - it is a good gig - if you have the money to play. JMHO Bob