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

To: Just_Observing who wrote (21888)	4/30/1999 12:01:00 PM
From: Just_Observing	Respond to of 74651

Options Activity in MSFT - II Now 6,700 of the MSFT Jun 70 puts have traded. So counting yesterday and today, more than 10,500 of these puts have traded. And the open interest before that was only 522. Their pricing is exactly correct based on the current volatility of the stock. Thus, they are not trading at a premium to their fair value which would have been a negative indication. Please keep in mind that activity in just one put does not indicate anything substantial. It could just be a mutual fund protecting its million shares of MSFT by buying 10,000 puts. It's just an interesting observation.