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To: George von Dassow who wrote (11259)	4/14/1998 10:32:00 PM
From: soup	Respond to of 213176

>Someone please correct me if I'm wrong (I mean that), but it is my understanding that the exact opposite is the case. Someone(s) wrote all those calls, sold them to us, and presumably would not have done so if they anticipated a big run-up in the price.< Yes your right and I'm probably reading to much into the broker's comment tonight. (I bought a few days ago -- the open interest was not a factor.) The large open interest will make a difference to the extent that the call writer wrote uncovered (or naked - without owning the underlying security) calls. Then, like short sellers, they must buy stock (before Friday?) in order to deliver shares. Short sellers, unless caught in a squeeze, can take their time to cover. soup