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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (32169)	12/31/1997 4:46:00 PM
From: W. Clinton Terry	Respond to of 58727

I am puzzled by your post. There was a spike around 9:30 on the volume but otherwise volume appears uneventful. Avg daily volume for CMB is 2.4 million and today's volume was a little over 1.3 million. That may be good for a day like today, but I do not know. I do not know how to access the volume of options, but would be interested in further breakdown. I am interested in this stock, but do not know how to interpret huge volume in this case. Clinton

To: donald sew who wrote (32169)	12/31/1997 5:02:00 PM
From: Nancy	Read Replies (3) \| Respond to of 58727

Don, can your broker tell those volumes are buying or SELLING ? Normally such deep-in-money calls are SELLING - to hedge their positions, rather than buying calls for a run up. if they worry about CMB earnings (didn't they warn a while back on trading loss of 100 millions ?) such deep-in-money call selling would protect their profits without selling the shares.