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To: Blair P. Houghton who wrote (3966)11/13/1998 3:32:00 PM
From: Getrich Won  Read Replies (1) | Respond to of 4453
 
Someone is buying a lot of 7.50 Nov call option at 9/16 (18 contracts total)

Usually, there's hardly any activity in this option. But today, there are some activities. Someone is buying March 99 call at 10. Maybe this is in anticipation that they'll receive good respond at Comdex.

"NCD will demonstrate its new NCD ThinSTAR 300 and NCD ThinSTAR software at COMDEX/Fall in the Las Vegas Convention Center, Booth L5532, Nov. 16-20. NCD will also have products in the Microsoft Partners Pavilion C27, and ELO Booth L4840. "

But one thing I don't understand. Why someone will buy a $5 call option at 4 1/8 if the stock is at 8. Option will expire..... Please help me understand. Thanks!!