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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (4804)	8/22/1998 8:21:00 AM
From: ChinuSFO	Read Replies (1) \| Respond to of 8358

Options expirations day tends to make the price land where the options writers make the most money. Given this stocks precipitous drop as of late, my guess would be that the stock would have to move up to eliminate as many gains on Puts as possible. I'm sure that noone buying Calls has made any money in quite a while. As for today's volatile stock options. There are individuals who specialize in trading options on options expirations day. The more volatile they make it, the more gamblers they hook in, the more money they make. JMHO, CR <<C.R: I appreciate your observation that today was options expiry day. However could you kindly explain using todays option volumes ,why a trend reversal should occur at the $9 level. Thanks.>>