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To: Alan Smithee who wrote (33133)	1/14/1998 1:14:00 PM
From: Kevin	Read Replies (3) \| Respond to of 58727

>>>297 calls on the WAMU Feb. 60(WAQBL) traded today at 1 3/4. I do believe that's a buy. Any way for you to tell from your info? <<< Hi David, how have you been? I've been doing pretty good. It's hard to tell if that was a buy or sell. The current bid / ask was 1 11/16 by 1 7/8 since 11:06. Trade was @ 1 3/4 at 11:50. Just after the trade, at 11:51, the bid / ask changed to 1 5/8 by 1 7/8. It looks like someone shorted 280 of the Feb 60 puts an hour before that. Is it possible that someone shorted the puts and bought the calls betteing that WAMU would float back up to the $60-70 range that it's traded in since June? Just a thought.