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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (11545)	6/8/1998 12:52:00 PM
From: Douglas Webb	Read Replies (3) \| Respond to of 13925

What do you make of this option trading volume... So far today there have been 128 calls traded, and 330 puts traded. 300 of those puts were traded in one block, the OCT98 25 put @ $8.00. Such a heavy hit on an in-the-money put looks like someone big thinks Creaf will be over 25 by Oct, and has written a bunch of naked puts. Is there another interpretation I'm missing? I think there was a similar block on Friday for 100 puts near the same month/strike. Doug.