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 : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: jach who wrote (5492)	11/17/1998 8:42:00 PM
From: Scott Bergquist	Read Replies (1) \| Respond to of 12623

Buy a few thousand options..??? I still muse about "what if" re the August 55 puts for Ciena, on the last day of option trading in August..they were selling for 50 cents apiece, until the AT&T announcement was made. The stock cratered to below $30, and the options rocketed to $22-$25. I think this is where LTCM drawn and quartered, along with many, many arbitragers, who had sold puts on the expectation of a $60+ price upon expiration. Since August, a big volume of calls has usually blunted the rise in the price of stock..in fact, a huge volume of 35 calls sold at asking preceded the drop from the 30s to below 20. I like the "pooling" idea. I think this may come to pass as E-trading matures (along w/ the internet)