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Technology Stocks : Full Disclosure Trading

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To: Return to Sender who wrote (9405)11/16/2004 11:24:39 AM
From: Sam Citron  Read Replies (1) of 13403
 
OT Glad to help, RtS. One thing I have learned is that if it looks too good to be true, it just may be.

Yesterday while RMBS was selling at about 19, someone was bidding 25 cents for a November 22.5 call with 4 days until expiration. I thought that was a generous premium and was paid 26 cents each, a penny above my offer!

Behold, RMBS is now trading about 22.5.

The options market are a weather vane of expected volatility. I should have bought more stock!

Sam
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