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Politics : Formerly About Applied Materials
AMAT 268.45-0.1%2:21 PM EST

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To: Jerome who wrote (43598)3/12/2001 5:53:00 PM
From: Tony Joines  Read Replies (1) of 70976
 
Because they can't be exercised yet? They appear to be "European-style" options that cannot be exercised before a certain date, (unlike "American-style" options, which can be exercised at any time before expiry). The discount would represent the risk that the option would go out of the money before you could exercise it.

See: Message 15490011
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