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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: DJBEINO who wrote (26050)	3/16/1999 2:08:00 PM
From: Spartex	Read Replies (2) \| Respond to of 42771

Looks like a huge contract rollover occurred today. 15,000 April 17.5 calls were sold (I believe) and then 15,000 May 20's were purchased. That sale would = ~$9.5 million, new purchase of $7.5 million May 20 calls would control 1.5 million shares of the stock! DJ, was this the same investor from Feb. that rolled over from March to April 17.5 calls? I remember they bought April 17.5's for around $3 1/4. If so, they doubled their money!! cboe.pcquote.com