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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (20625)	8/14/1998 6:11:00 PM
From: matt fahy	Respond to of 45548

>>i think we shall have trouble finishing above 30 next week.<< I guess the question is who is holding all those Aug 30 calls the big or little guys? Anyway to find out? If it is big guys I think we can runup next week, but if us little guys hold those we are doomed because there is still enough float on this stock for mm to hold below 30. I will have to think about this somemore, last month I was on fore thread and someone pegged the friday close at $25 early in the week and it tried several times to breach $26 but kept coming back down. It looked like a good trading scheme to sell above the strike price and buy just below it during the week. I sold some coms at $29.8125 when it tried to breach 30 on wednesday and bought back at $28.75 yesterday and was hoping for another test of $30 to flip it again. I was really hoping to get to flip in around the $32 because we will probably have to test it a couple of times before breaking, but who knows what next week will bring. Matt Calls Open Int Puts Open Int AUG 25 (.THQHE) 3964 AUG 25 (.THQTE) 3679 AUG 27.5 (.THQHY) 4862 AUG 27.5 (.THQTY) 2182 AUG 30 (.THQHF) 12792 AUG 30 3406 AUG 32.5 (.THQHZ) 5921 AUG 32.5 (.THQTZ) 959 <<