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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Kirce Stojanovski who wrote (4230)	12/11/1997 11:23:00 AM
From: Mike 2.0	Read Replies (1) \| Respond to of 19080

Re: very active ORCL calls I was referring to 12/9 DJ article which said that traders were surprised by the number of investors willing to make bullish bets by buying Oracle call options. DJ quoted a trader: "There are lots of people who figure this could be a cheap way to get in before the company rebounds." DJ also gave following data: "Oracle's December 23.375 calls are down 6 1/16 at 1 3/16 on volume of 5,859, compared with open interest of 4,381; the January 25 calls are down 1/16 at 1 1/2 on volume of 3,869, compared with open interest of zero; and the March 27.5 calls are down 3 13/16 at 1 15/16 on volume of 2,364, compared with open interest of 16." I suspect your decision to defy conventional wisdom should reward you (it has already), while buyers of Dec 23.375 calls should trim down their Xmas gift giving list... Good luck