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To: Bill Holtzman who wrote (3875)12/23/1997 12:35:00 AM
From: Andreas Wappelt  Respond to of 14451
 
Bill,

I am sorry, I have no access to the numbers from friday.
But you can be quite sure, that the trades of the 15 calls
for Jan and Feb were the opening of positions.
It makes no sense to close a position which is out of the money.
Ok, let's say it wouldn't be a smart move.
If there's been a closing of of call positions, I would expect
some buying of puts @10. But up to now there's nearly NO open
interest in 10 dollar puts.

Yours
Andy


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