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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Out_of_the_Trap who wrote (114351)	4/5/1999 5:52:00 PM
From: Venkie	Respond to of 176387

Related Quotes Monday April 5, 5:30 pm Eastern Time U.S. OPTIONS/Dell calls well bid ahead of meeting CHICAGO, April 5 (Reuters) - Calls on Dell Computer Corp. (Nasdaq:DELL - news) were well bid on Monday ahead of a two-day analysts' meeting starting on Wednesday. Traders noted aggressive volume in the April 45 calls, where more than 20,600 contracts traded. That compares with open interest of 43,009 contracts. ''Volume definitely leads toward the bullish side,'' said Elliot Spar, senior options strategist with Gruntal & Co. ''The April (contracts) are cheaper than the May (contracts),'' he added. ''It looks like the smart money is bidding up the May (contracts).'' The May 45 and April 42-1/2 calls also drew aggressive buyers, registering trading volume of 8,533 contracts and 6,540, respectively. ''We've seen good steady buying all day long,'' said another trader who asked not to be named. ''But vols aren't out of line.'' Volatility ended the day in the mid-50 percent area, he said. The stock rallied 2-7/8 to 44-1/16. In other trading, trading in CBS Corp. (NYSE:CBS - news) options was active after the San Jose Mercury News said the broadcast television network was in merger talks with America Online Inc. (NYSE:AOL - news). The companies declined to comment. Yet implied volatility held flat, suggesting that options traders didn't believe a deal is imminent, traders said. ''The options market is saying that CBS is not going to be purchased,'' said Paul Foster, investment strategist and editor of 1010WallStreet.com. He noted that volatility held at around 35 percent for the April 35 contracts, which is well within its recent range. Traders noted above average volume in puts on consumer products manufacturer Gillette Co. (NYSE:G - news), although options volatility remained flat near 30 percent for the April 60 contracts ahead of an earning warning issued late in the day. The underlying stock fell 1-3/8 to 57-7/8. Implied volatility on CVS Corp. (NYSE:CVS - news) climbed as the stock sank in what was characterized as a sector-wide selloff. Shares in the drugstore chain dipped 13/16 to 44-1/2. -------------------------------------------------------------------------------- More Quotes and News: America Online Inc (NYSE:AOL - news) CBS Corp (NYSE:CBS - news) CVS Corp (NYSE:CVS - news) Dell Computer Corp (Nasdaq:DELL - news) Gillette Co (NYSE:G - news) Related News Categories: options, US Market