Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (36923)	3/18/1998 7:49:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

Glancing at Globex trading occasionally over the past 2 hours, I was troubled that I could not decipher why (after much of the night trading in a tight 1 point range) the SP8M dropped sharply. At 5 Eastern, it had just peaked to 1094.30....then over the next 2 hours dropped to 1090.50, bounced, and is now zipping towards 1090.50 again. I was trying to check Japan, London.....but then while reading your post it occurred to me that it is possible there was a large exercise last night in calls. If so, that would take the guns out of the hands of the arbs for expiration....at least the guns loaded to push the market up, anyway. I have to dig around for the website showing open interest.