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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: Timothy Wojnar who wrote (9848)	4/14/1998 8:52:00 PM
From: Sam Scrutchins	Respond to of 10836

Tim, I'm not an expert on options trading, but I have noticed the same high volume purchases on the buy side (or at least at the ask price). The same thing happened about a month ago. It seems positive, as if someone is betting a lot on the come. The options are far enough out for the most part to be past Q1 earnings and into a potential move up following such earnings. I asked the same question then, and will request, as you did, that if someone understands this strategy, please tell us about it. Sam

To: Timothy Wojnar who wrote (9848)	4/15/1998 12:37:00 AM
From: TTOSBT	Read Replies (2) \| Respond to of 10836

Timothy, Re: >"ny option experts out there? While I'm not an expert, it seems that there has been an unusually high number of call purchases as of late- 500 contracts, for example, at different strikes on the buy side. They seem to be newly opened positions- not just buys on previously "written" positions... Any experts wish to comment?"< I'm no expert by a long shot. But I can speculate as well as anyone can. It looks like in today's options there were two 500 volume trades for (strike price) April-7.5 calls and July-7.5 calls. It could be one trader doing a spread from April to July. I.E. selling April, buying July, at the same strike price on the call side. This will give them another 3months before expiration as oppose to this Friday or more precise this Saturday, Friday being last trading day. Or since the 500 was total vol for today it could be different traders without time-in-sales which would give each trade cannot tell for sure. Or it could also be someone sold 50,000 or 100,000 shares and bought 7.5 calls for insurance on any rise. I think it's a spread except you did state that it was all new buying. How do you know it was all new buying? Tomorrow will tell if open interest goes down or up by 500. TTOSBT