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Non-Tech : E*Trade (NYSE:ET)
ET 16.56-1.6%3:59 PM EST
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To: SLSUSMA who wrote (12192)3/2/2000 4:14:00 PM
From: Shawn M. Downey  Read Replies (2) of 13953
 
I'm no expert but...why would PUTs increase in value when the underlying security goes up???

>...I did use that E*Trade to buy some ZIXI puts the
>other day. The March 35 puts for ZIXI were going for
>$1/4
>when ZIXI shot up from $40 to $60. Now the puts are
>worth $1 1/16. Almost as good as an IPO!
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