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 : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Bron-y-aur who wrote (8587)	12/16/1998 9:11:00 PM
From: Bron-y-aur	Read Replies (2) \| Respond to of 18016

S&P futures up slightly by 1 point at 9PM. Lets hope tomorrow breaks the down trend.

To: Bron-y-aur who wrote (8587)	12/17/1998 1:37:00 AM
From: Asymmetric	Read Replies (1) \| Respond to of 18016

Looked at the Options for Newbridge, All the volume (over 2,100 contracts) was in the Dec 25 calls, AND in the Jan 25 calls. Since the volume was so close to being equal, seems to me it was either a floor trader, market maker, or institution rolling over Dec contracts into Jan contracts. The timing fits as well, as if that is what you want to do, you don't want to wait longer than the week prior to option expiry to roll over that large of an option position. Tomorrow's open interest figure should tell if that's what actually happened. FWIW. Peter.