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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Nathan who wrote (44671)12/6/2000 5:11:18 PM
From: oldirtybastard   of 436258
 
nathan, I think the prem was there yesterday before earnings due to the 30-50% or so haircut gamble that has paid off so well going into earnings plays. After it becomes apparent the next day that the big drop won't happen as an immediate reaction to the #'s, the premium, especially on DOOTM puts rightfully drops. Who knows, CMVT might yet get you in the money or close enough, I hope so, I have some myself but I used the underlying as a hedge long so am not too far under water.
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