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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Bobby G. who wrote (25787)	9/1/1998 6:50:00 PM
From: helkel	Respond to of 36349

BG: I show 195 contracts each in oct 22.5 calls and puts. This seems like some kind of bull spread. I think (due to the 195 number) that they are related trades. Seems that someone is bullish, but i may be wrong. BTW, the 2000 jan 15 put trade is up over about $2 per contract or $400k in the last week. i could probably survive about maybe 1 or 2 months on this at my present rate. there seems to be varying opinions on pair amongst the large option players. there have been both large put and call buys in the last week, which tells me there is no actual rumors floating. Once we see large out of $ call buying, i will feel buyout is on the plate. later hk