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To: DanZ who wrote (19606)3/19/1999 1:48:00 PM
From: Iceberg  Respond to of 53068
 
Chat: triple witching day

Dan,

Would you please make a few brief comments on your understanding of options expiration day [today] and how that relates to stock prices? I don't understand how options expiration influences stock prices.

For example, if I hold a stock and it gaps down at the open on an options expiration day, is there any way to know if that was somehow caused by options expiration? I plead totally ignorant on this particular topic!

Thanks in advance for any sense of direction you might can provide on this,

Ice



To: DanZ who wrote (19606)3/19/1999 8:34:00 PM
From: Larry S.  Read Replies (2) | Respond to of 53068
 
CVG, RBK, MAT, SFSK:
CVG - Convergys Corp - up 9/16 today to 16 1/2, chart says this stock ready to pop to 18-20, very good FA.
RBK - Reebok, started to move, think this is a play off of NKE's big move.
MAT - MAttel, strong bounce off of 23, looks like resistance at 25, if can get thru there, then 26-27 should be easy. This stock will likely trade 30-40 this year.
SFSK - Safeskin, creamed on earnings warning, came back to 8 area, is a real POS, but very oversold. would view this one as a trader in this area.
Larry