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Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?


To: squeakywallet who wrote (2259)3/3/1999 2:09:00 AM
From: TTOSBT  Read Replies (1) | Respond to of 5102
 
Re: "If that's the way the transactions went down then it appears they sold the puts to buy the calls...."

Mark open interest on the 'PUT' side was only 69 contracts while open interest on the 'CALL' side was 457 contracts. We will know for sure tomorrow but I would say there were over 300 existing contracts on the 'CALL' side to sell, but not on the 'PUT' side? It seems the 'PUTS' were opening a new position and it is possible the 'CALLS' may have been closing a position?

Perhaps one of the bears who cannot SHORT (due to price of stock) is playing the 'PUTS' and 'CALL WRITING' side of the market?

TTOSBT