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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: grasshopper who wrote (2507)	2/13/1998 11:00:00 PM
From: john Kurisko	Read Replies (1) \| Respond to of 4903

Netscape options..I am interested in purchasing some calls or puts,i am new to the option game, so i would like to hear some diffrent plays to use with the NSCP buyout rumors..thanks everyone <<<Friday February 13, 6:33 pm Eastern Time U.S. OPTIONS FOCUS/Netscape vols continue higher CHICAGO, Feb 13 (Reuters) - Implied volatility in options on Netscape Communications (NSCP - news) climbed higher on Friday amid growing expectations that a bid is forthcoming, options experts said. Larry McMillan, editor and publisher of Daily Volume Alert, said the takeover rumors seemed to gain credibility after the company canceled an appearance at a conference next week. Though the shares fell 9/16 to 21-5/8, implied volatility on the options rose to unprecedented levels, Joseph Sunderman, an options analyst with Investment Research Institute, noted. ''With the stock in play as a takeover possibility by Sun Microsystems (SUNW - news), Oracle (ORCL - news) and others, writing front-month out-of-the-money puts on Netscape seem to be a good strategy to take advantage of these pumped up premiums,'' he said At-the-money implied volatility was up to around 88 percent, reflecting the market's belief that the company will be taken over, he said.