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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: KFE who wrote (1845)12/5/2000 3:15:54 PM
From: jjs_ynot  Read Replies (1) of 2317
 
Ken,

The out month options on GELX also have a very funny character in that the puts essentially drop to 0 below 50. At 50 they all seem to be priced at 2 3/8 regardless of month.

I would guess that there are some funny collar conditions on the takeover that have locked price movement in some restricted range.

Regards,

Dave
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