VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (6694)	10/9/2000 1:19:59 PM
From: Jim Willie CB	Read Replies (1) of 65232

EXTR options are seeing call premium restored I have bought several March100 calls in the last two weeks the avg price of EXTR common shares at the time of these call purchases is 104.5 with EXTR almost 103 at this moment, Mar100 is selling for roughly my avg option call price usually when a stock is under heavy pressure, the option contracts see their premium erode badly... when a stock goes down 20% then back up 20%, calls typically lose 10% of their value, DESPITE the fact that common shares have returned to original prices when options were purchased interesting, but good news for now tomorrow is another day this will continue to be a strange thin trade day with the two holidays when is Copernicus Day anyway? / jim

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