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by 11/3/2000 8:43 AM
Stocks quoted in this article:
In the past year, Tyco International (TYC - 56-5/8) shares have been able to weather the specter of accounting irregularities as well as a generally stormy market environment. In fact, the stock currently remains less than three points from an all-time high. Yesterday the December 60 call traded actively; over 15,700 contracts changed hands on this out-of-the-money call, with approximately 14,700 contracts of the volume translating into new open interest.<
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by 11/3/2000 8:40 AM
Stocks quoted in this article:
Xircom (XIRC - 15-1/4) designs and develops software that connects mobile users to company networks. The shares are down 80 percent so far this year and apparently are unable to escape the selling pressure that has gripped the tech sector this year. Yesterday the stock finished nearly 10 percent higher en route to moving sharply above its 10-day moving average.

It appears that an institutional players made a big bet on XIRC on Thursday. The November 15 call saw 9,122 contracts traded yesterday with virtually all of the volume translating into new open interest. Responsible for the majority of the volume was a 9,087 contract block that changed hands at one dollar per contract. The total outlay for this position was $908,700 (9,087*100*$1). Activity on the remaining XIRC options was light.<
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by 11/2/2000 3:50 PM
Stocks quoted in this article:
Arts & crafts powerhouse, Martha Stewart, and her company, Martha Stewart Living Omnimedia (MSO – 27-13/16) trounced First Call earnings estimates of one cent per share this morning. Ahead of the opening bell, the company reported third-quarter earnings of eight cents per share.

MSO shares have reacted well to the news, as the stock has gained nearly three-and-a-half percent on above-average volume. On October 26, the stock's 10-day moving average crossed over its 20-day moving average, a technical maneuver that tends to prognosticate short-term bullish activity. MSO is currently trading nearly one point in the black and continues to trade well above all significant trendlines.

Option activity remains anemic, with the heaviest open interest residing at the December 30 call, which is home to 650 contracts.
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by 11/2/2000 11:58 AM
Stocks quoted in this article:
Shares of Genzyme General (GENZ - 80-1/8) are getting a boost from an upgrade by a major brokerage house today. Today's rally pushed the stock to a new all-time high of 82-15/16. Although the shares have since receded from this level, they still remain nearly 10 percent higher for the day. It was also announced this morning that the FDA will allow the company's license agreement for Fabrazyme to bypass a December advisory committee review. Instead, the application for Fabrazyme has been accepted for priority review.<
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by 11/2/2000 11:55 AM
Stocks quoted in this article:
Humana (HUM - 13-1/8) shares have quietly mounted the comeback trail during the second half of the year. Since the end of June, the stock has appreciated nearly 170 percent. Today the November 12-1/2 call has seen some large block trades cross the tape. Over 3,000 contracts have already changed hands on the option. With open interest of nearly 8,000 contracts heading into today's action, it is possible that much of today's volume is the result of traders liquidating open positions. <
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