Large pieces of Crown Cork & Seal traded last week as hedge funds looked to play the company's capital structure by buying the bank debt and shorting the bonds, according to traders. Chunks ranging from $10-20 million were believed to have changed hands in the 92-93 range. The total amount traded could not be determined. The paper was being quoted in the 89 7/8 91 3/8 range at the beginning of the month, according to LoanX. Timothy Donahue, senior v.p. of finance, could not be reached by press time. J.P. Morgan leads the bank debt.