Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Rusty Johnson who wrote (21884)	4/30/1999 11:25:00 AM
From: Just_Observing	Read Replies (3) \| Respond to of 74651

The options activity in MSFT indicates a cause for concern if you believe in this indicator Yesterday, the most active contracts were Jun 80 puts 5692 contracts Open Interest 2571 Jun 70 puts 3835 contracts Open Interest 522 May 85 calls 3138 contracts Open Interest 20,300 Leaps Jan 00, 75 calls 2259 contracts last trade 15 3/4 Jan 00, 50 puts 1010 contracts last trade 1 It is a concern to see the large activity in puts. Also, the deep in the money leaps are a negative. Of course, some people use options as a contrary indicator. Please note that 4500 June 70 puts have traded today. The low has been 15/16 and the high has been 1 1/16. The trades have been on both sides. This option had an open interest of 522 yesterday. Why have nearly 8500 contracts traded in just a day and 2 hours? Please note that this could just be some manipulation by market makers to send out a false signal. These contracts represent only $8.5 million while MSFT daily trading amounts to $2 billion a day ($80 x 25 million shares). In any case, the volume of MSFT puts is very interesting. Any comments will be appreciated.