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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Trey McAtee who wrote (12792)	8/21/1998 4:37:00 PM
From: Kevin Thompson	Read Replies (1) \| Respond to of 21342

[Options Chat] Hey Trey: FYI: I used to play calls in a big way also. You likely had a big buy order, and the MM's didn't want to write all those calls, so they put you on the bid... even if you raised your buy price to 3/8 you might have moved the price of those options up while the stock was tanking. Options markets are NOTORIOUSLY illiquid, especially in stuff like WSTL. If you can make a deal with your broker on the commish, and the size you're looking for isn't too big, you can buy contracts one lot at a time in rapid succession to screw over the MM's (basically become a SOES bandit on the options exchange.) "good luck to all" Kev