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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ally who wrote (454)	4/16/1998 7:50:00 PM
From: stuffbug	Read Replies (1) \| Respond to of 2578

Looks like the maximum speculator pain occurs if stock falls to 65. All calls at 65 or more expire worthless and so do the majority of puts. If NASDAQ is weak tomorrow, look for a drop to 65. Otherwise, I think the stock will close out expiration close to where we are now (67.5). Have you ever noticed how stock and index closes on expiration days tend to cluster around option prices? Regards, Mike

To: Ally who wrote (454)	4/19/1998 8:02:00 PM
From: jbn3	Read Replies (2) \| Respond to of 2578

Denise, Interesting data you posted, especially in view of Friday's expiry closing price of 67 1/2. Looks like 22,000 April 67.5 and 70 calls, and 16,000 April 65 and 67 1/2 puts expired worthless. I expect the price to trend up now. Why? ... 1) Because none of the analysts downgraded after the analyst meeting. 2) Earnings coming out next month (May)should be good, at least meeting numbers 3) Note that Friday's activity in the May 70s shows a call:put ratio of ~ 5:1 Regards, 3.