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Non-Tech : APCO Automobile Protection Company -- Ignore unavailable to you. Want to Upgrade?

To: Karl Drobnic who wrote (3275)	5/12/1999 3:07:00 PM
From: Robert DeHaven	Read Replies (1) \| Respond to of 3351

It appears on the small stocks it might be a "take the stock" option expiration. That is the next highest strike might be hit so the brokers can take the call writer's stock. I have heard this from a good broker/trader. If the institution doesn't want to pay a run-up price it slowly accumulates up to the strike then agrees to acquire the strike price stock for a small spread. Sounds plausible to me since alot of these thinly traded issues like apco can run a couplke of points on a single institutions order. This way they can quietly get option writer's stock for a set price in advance. good luck, bob