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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?


To: L.B.Nguyen who wrote (818)1/9/1998 3:57:00 PM
From: David Lawrence  Read Replies (1) | Respond to of 5944
 
They couldn't have picked a worse day to pre-announce.



To: L.B.Nguyen who wrote (818)1/9/1998 4:33:00 PM
From: S. Bashakis  Respond to of 5944
 
<<IMHO, think MM will have this stock between 26-27.5 at Jan option expiration date. All Jan calls will expire worthless and minimal pay out for Jan Puts. Many Tech stocks are getting kill today. LBN>>

What do you mean. The entire open interest of Jan 30 to Jan 40 Calls totals less than 2000 contracts representing 200,000 shares. Do you think that the various ADPT market makers sold all these calls? Volume today was about 30 million shares.