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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?


To: Pierre Aydin who wrote (7509)6/18/1998 9:48:00 AM
From: TideGlider  Respond to of 19080
 
Options expiration should force it up!! Their are more in the money puts than calls...

Options up

Pat Hickey, an Oracle options trader in Chicago, said the results boded
well for the shares on Thursday, even though most options players had
been betting against the company in recent sessions.

In the options pits, June 25 puts (ORQ=RE) have been much more active
than June 25 calls (ORQ=FE). Both contracts expire on Friday and the
open interest on both contracts represent about 2.8 million share. A put
gains value as a stock declines, while a calls gains value as a stock rises.
Options activity can influence the underlying stocks as investors sell or buy
stocks to fit with their options positions.