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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: saveslivesbyday who wrote (113152)3/27/2008 8:13:00 PM
From: Peter V of 306849
 
Interesting how the LEH calls more expensive then the puts were just 9 days ago, when the financials recovered and I was the only dipstick buying puts.

Nine days ago I paid $6 for July 40 puts when the stock was $45, for a total spread of $11.

Today, with the stock at 38.70, the July 45 calls are about 5.70 (5.5 x 5.7), for a total spread of $12.

I was thinking about buying some cheap calls as insurance in case LEH recovers somehow, but they are too frickin' expensive still. I guess somebody still believes LEH has value.
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