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Technology Stocks : Manugistics, Inc. (MANU) -- Ignore unavailable to you. Want to Upgrade?


To: Noor who wrote (1191)1/28/1999 8:03:00 AM
From: Mark Peterson CPA  Read Replies (1) | Respond to of 1670
 
You may be right about a short seller in MANU managing the "deltas" of his position by buying 500 of the calls at 3/16. However, the delta equivalent of that purchase is almost negligible. If the short seller were trying to maintain a relative delta neutral position, IMO, he would have been buying the Feb 10's or 12.5's. Just a thought. But you could still be right.

Thank you for your observation.

Mark A. Peterson



To: Noor who wrote (1191)1/28/1999 2:12:00 PM
From: Craig Kaltner  Respond to of 1670
 
I don't think it's a short seller. If the stock goes to $18.00 the feb. options are worth approx $1.00. right? Does not seem like a good way to hedge your risk. I think this is somebody taking a flyer and hoping the company gets bought out.