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To: SecularBull who wrote (30792)8/11/1998 3:13:00 PM
From: Kevin A. Lynch  Read Replies (1) | Respond to of 97611
 
I thought I gave you a plausible possibility. Why do you seem so stubborn to the idea that Goldman could have been selling the calls to the buyers, collecting the premiums, and buying the stock in the market (should they have to cover) all in the same series of transactions. To make this series of transactions is neither bullish or bearish, just one of the functions of being a market maker. How much mileage are you gonna try to get out of this story anyway?

Regards,

Kman