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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Ben Antanaitis who wrote (6603)	1/9/1998 12:06:00 PM
From: E_K_S	Read Replies (3) \| Respond to of 64865

Hi Ben - Did you notice that during McNealy's CNBC interview and as the NASDQ was hitting daily lows (Sunw dropped to 40 3/8) ....there was a huge option purchase on the Jan $40 calls about 2000 contracts at $1 3/4. It might be interesting to update your Sunw option chart for January as I would be interested to see where the "optimum" call/put preminum settlement target might be for next Friday. I have noticed that the Sunw January $45 SUQAI open interest has been expanding. Perhaps that January $40 purchased this AM was a "buy" to close and the OI will shrink by 2000 contracts after today's transaction. EKS