Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ATI Technologies in 1997 (T.ATY) -- Ignore unavailable to you. Want to Upgrade?

To: OrionX who wrote (1172)	9/22/1998 2:45:00 PM
From: Kelvin D. Nakamichi	Read Replies (1) \| Respond to of 5927

Mauro; I'm almost certain the 2K block was one trade. The 80th trade was probably me. I'd had a bid in for 2.00 when there was 61 contracts traded. When I looked next there were 80 trades and I was filled. The bid/ask was 2.00 to 2.15. A few minutes later the bid/ask was 1.75 to 2.00 and the volume was 2080 with the last trade at 1.70. If these were new contracts, would the open interest be much higher than 1561? Could anyone answer this? Kelvin

To: OrionX who wrote (1172)	9/22/1998 8:22:00 PM
From: Brian Diggle	Respond to of 5927

The Montreal Exchange lists open interest on this option as only 64 contracts, so presumably most were sells today. me.org These options have only about 6 or 7 weeks left so the "time premium" will begin decaying rapidly, so its time to think about selling. However, the 1 day volume certainly suggests someone knows something we don't. Someone (sorry I don't remember who), a few posts up the thread states that yesterday's open interest was 64. If that's true then today represents an exactly equal # of opening & closing of positions. The other possibility is that the Montreal Exchange does not update open interest until the next day.