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From http://en.wikipedia.org/wiki/Call_option http://en.wikipedia.org/wiki/Call_option: "The buyer of a call option wants the price of the underlying instrumen
by callmeed 17y ago
From http://en.wikipedia.org/wiki/Call_option http://en.wikipedia.org/wiki/Call_option:
"The buyer of a call option wants the price of the underlying instrument to rise in the future"
I'm no expert but I think it means a lot of people knew this was going to happen and bought call options knowing the share price would rise. 3com closed at $5.69 and HP bought it for $7.90.