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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: jwk who wrote (24820)11/16/1998 4:59:00 PM
From: Karl Drobnic  Read Replies (1) | Respond to of 31646
 
As far as I know, the MM's who are capping the stock price at $6.94 are different from the options specialists who are pricing the options to indicate $8 or better in the Spring. The option pricing is done by mathematical models. The MM's are most likely executing orders for hedge funds and momentum players who use different criteria than the options specialists. The options trade on 4 different exchanges, and there are disparities in their prices from time to time, but not enough activity to suggest that hedge funds are making much use of the options to hedge positions.