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Biotech / Medical : Oxford Health Plan (OXHP) -- Ignore unavailable to you. Want to Upgrade?


To: DRRISK who wrote (1307)3/16/1998 6:05:00 PM
From: men mailman  Read Replies (1) | Respond to of 2068
 
It's interesting as the volume gets lower and lower.

BTW this FRi. is option expirations, with 9000 (900,000 shares) 17.5 puts vs 4000 (400,000 shares) 17.5 calls.

These are usualy written by the MM's. It is a known fact that the mm's will try and usualy succeed in keeping the price at a level where they cash in the max. This would lead me to assume that they will try to keep it at the 17-17.5 level until fri. so the option expire worthless and the mm's pockets LOADED.

However, the volume is very low in case any significant news or buying comes in it will be out of their control.

Again I expect the financing completed in FIRST week of April. (not before, would not want to speculate here as to the reason). A good bounce will in all liklihood follow.