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To: Sea Otter who wrote (4099)11/10/1998 3:18:00 PM
From: dwight martin  Respond to of 10081
 
Looking at the following website i think I get a lower number of calls (±6500) but the put number agrees.

cboe.pcquote.com

Could it mean that a lot of people think the price will rise? Or are a lot of people shorting and need protection? Or is it unknowable?



To: Sea Otter who wrote (4099)11/10/1998 3:22:00 PM
From: Austin S.  Read Replies (2) | Respond to of 10081
 
Over 16,000 were bought, I should have said. Thus, investors out there have paid over $800,000 today, alone, betting that GMGC will be at least above $8.30 (approximately) by November 20th. This means that someone is pretty confident that there will be some big news announced before Nov. 20th. At least that's how I interpret it.