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Technology Stocks : KLA-Tencor Corporation (KLAC) -- Ignore unavailable to you. Want to Upgrade?

To: Street Walker who wrote (1038)	3/19/1998 3:08:00 AM
From: Ted Zeilstra	Respond to of 1779

I posted the following on the Yahoo board on the 14th- "Something to ponder.... Of the last 10 expirations...8 were down days and 6 of those had the price fall below the nearest lower strike price. For example, if the closing price on the day before options expiration was 52, 6 times the price closed below 50 on expiration Friday." The stock was 2 points higher then. I'm betting we'll see a close on Friday exactly at or slightly below 35. A close at 35 on Friday will kill 10,209 call contracts and leave 78 in the money. It will also kill 946 puts and leave 3852 in the money. IMO the puts will win on Friday.