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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?


To: DJBEINO who wrote (23357)8/3/1998 6:34:00 PM
From: Spartex  Read Replies (1) | Respond to of 42771
 
DJBEINO:

<<the JAN99 20.0 calls(symbol:NKQAD) traded 708 contracts FRIDAY with OI 4903. OI on monday is 5511 meaning 608 was bought out of the 708.

I smell something big coming...>>

If opened interest went from 4903 Friday open to 5511 after close, wouldn't that indicate someone selling calls (calls to open) rather than buy to close (reducing open interest)? Please correct me if my understanding on how OI is used is incorrect.

Regards,

QuadK

PS: I sure hope you are right that something is brewing.....