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To: TREND1 who wrote (44025)3/19/1999 2:44:00 PM
From: TREND1  Read Replies (2) | Respond to of 53903
 
MU LINE just turned GREEN for the first time today.
Could the 50 puts be history ?
Larry Dudash



To: TREND1 who wrote (44025)3/19/1999 7:00:00 PM
From: John Graybill  Respond to of 53903
 
Too hard for me to say! I've been way wrong on where we'd close this week, so no sharp predictions from me for the short-term trend. I rolled my short March 60 puts into short April 50 puts today. (They are still backed up by my July puts.)

However...!

Lots more puts closed in the money than any of us thought, what does that mean for early Monday morning? Somebody is gonna exercise those options and sell stock tonight, does that translate to buying first-thing Monday morning to "unwind"?