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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: FJV who wrote (9574)	2/19/1998 4:24:00 PM
From: Dave Wulkan	Respond to of 14631

FJV, Just a guess; Institutions protecting themselves ahead of the Iraq situation?? They would then buy to close when it hits and the open interest should decline. The open interest tells the tale. davew

To: FJV who wrote (9574)	2/19/1998 7:11:00 PM
From: Marq Spencer	Respond to of 14631

FJV, The March 5 call trade looks like someone taking a long position in IFMX, through exercise of the option. The reason is as follows: The Open Interest at the end of the day on March 5s is a few hundred. It was over 15,000 yesterday. So, someone closed their position on it. Also, since they OI went down, they closed their position by exercising the option (buying shares) and going long. Also, notice the 12000 Feb 5 call volume and the OI still above 25,000. This will all be closed or exercised tomorrow. - Brian.