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To: DavidG who wrote (32973)5/7/1998 3:40:00 PM
From: TREND1  Read Replies (1) | Respond to of 53903
 
david and pat
After MU looking at SOX go down all day, MU finally
figures out it better go down too (g)
Larry Dudash



To: DavidG who wrote (32973)5/7/1998 5:12:00 PM
From: Patrick Koehler  Read Replies (2) | Respond to of 53903
 
David, hope you made a ton today (at my expense). <gg>
Something unusual today in options. On my Telescan charts,
it indicates that they was a trade of 2500 contracts of the
May 35 calls at 2:45.
I can never really figure out if it is a buy or a sell. In this
case, however, it must be someone buying, hoping for a
spike up in the next 6 days.
If it were a specialist wanting to sell 2500 contracts, they
would have a harder time finding that many small buyers.
Wheras, if a buyer wants 2500 contracts, a specialist
may more readily cover it. Flip side, he may cover since
he feels confident that it is not going up.
Just my guess.
Patrick