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To: TTOSBT who wrote (9851)4/15/1998 12:45:00 AM
From: TTOSBT  Respond to of 10836
 
Further on 500 call options.

Open interest for April 7.5 calls is currently 3431 and for July 7.5 open interest is 1615. So if tomorrow's open interest for April goes down by 500 (or approx 500) and July 7.5's open interest go up by 500 then we can assume it was a time spread.

TTOSBT



To: TTOSBT who wrote (9851)4/15/1998 7:51:00 AM
From: John Solder  Read Replies (2) | Respond to of 10836
 
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.

I like the "roll" scenario.