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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (46658)6/19/1999 9:44:00 PM
From: BigBull  Read Replies (1) of 95453
 
Of Blood Hounds, Smoke, Fire, and RIGS

Well o mighty nose of Texas, lets say a certain investor buys 1300 calls on a mythical company called RIGS. He pays a $3 premium for the Novy 30 call. Does this not mean he/she expects a deal SUBSTANTIALLY over $33 for the underlying? Is this mythical company worth say $40 to someone?

Is your nose twitching furiously? Just how close to your quarry are you? Will it only take a few days to reach it, or five months?

Yours Truly
The noseless Bull who would like to warm himself by the fire.
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