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

To: j g cordes who wrote (32460)	1/8/1998 10:09:00 AM
From: Kevin	Read Replies (2) \| Respond to of 58727

>>>The option activity you posted is interesting. Let me know when you see the other shoe drop. We bring good things to life here. The CSCO and AIG.. any corresponding selling to create the funds? Upside insurance is unusual and its a pretty large long play. <<< Hi Jim...feeling better yet? Hard to tell about the selling. Looking at 50,000+ share trades, one could point out that there was an equal number of shares shorted within an hour of the option transaction (adding up 8 or 9 big block trades). but I'd say it's a weak argument. Interesting find on AIG (thanks to you asking me to look deeper)... Looks like this trader shorted 3035 of the Jan 98 strike 70 calls to raise the cash for the Jan 99 strike 90 calls. Same amount of cash, and the trades both happened just before 1:00. Not bad eh?