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To: soup who wrote (12452)5/1/1998 9:25:00 AM
From: David Semoreson  Respond to of 213177
 
>Anybody know the prior days open interest on LAAAF?<

>Soup said: 4642.

Yesterdays at 6,430 implies that most of the 2200 volume was new option writes. It seems like this might be a good strategy for the bond holders who have options in the high 20's. They get the premium now - if the price falls, they still have bonds and premium - if the price rises they get over 100% of face value (the diff between conversion price and 30) and get to keep the premium.

So what might it mean?

** David