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To: JW Steve who wrote (5885)2/2/1999 2:15:00 PM
From: Trio  Respond to of 27722
 
Re: Options - I'm not an expert but since opinions are being tossed about - I doubt longs will sell shares to buy contracts. More likely those long will buy both calls and puts (not at the same time). Probably buy some calls first if the premium looks good then as the stock moves up buy some puts to protect against some delay or bad news, etc. I personally would like to to buy some 17.50 calls as soon as they become available (unless the premium is outrageous).

The actual trading of options will have little direct effect on the stock. What will occur is people watching the call/put ratios, vol, & OI will make some decisions on shares based on their interpretation of the option activity. regards



To: JW Steve who wrote (5885)2/2/1999 3:32:00 PM
From: zurdo  Read Replies (1) | Respond to of 27722
 
jw,
There are people out there that are going to try, not with a crow-bar...more like with a "slim jim"....if you know what I mean...