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Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?

To: Frank Haims who wrote (2934)	5/24/1999 5:09:00 PM
From: BMcV	Read Replies (2) \| Respond to of 10280

Frank, Maybe you can explain a couple of things to me, an options novice. We dropped 7 points today, but my Jan 2000 130s rose an eighth. In the last two trading sessions, we're down ten points on the common, while those options are up 3/8, from 2 7/8 to 3 1/4. Why? Also, I can't find the 2002s--are they already trading? Finally, do you have any idea what the open interest in SEPR calls is, and whether that figure can give us any idea to what extent the options have become a substitute source of supply, deflecting demand from the common?