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


To: Runner who wrote (26504)1/12/1999 12:10:00 AM
From: Karl Drobnic  Read Replies (1) | Respond to of 31646
 
The two TAVA options with the greatest open interest are the Jan $7.50 calls and the Feb. $7.50 calls. Jans are at 649 open int., and Febs are at 1,167 open int. This suggests that if the calls have been used in hedging activities by the Three Amigos (or other large traders), there will be attempts to hold the price at $7.50 this Friday, and again at Feb. expiration unless we see the open interest cleared up. This is a sweet spot for a high impact press release. While the open interest is not great compared to TAVA's recent daily volume, it might be enough octane to light up the TAVA campfire for a couple days.