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Technology Stocks : WCOM
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To: JB who wrote (2171)2/17/1998 9:48:00 PM
From: halfscot  Read Replies (1) of 11568
 
Yes, I couldn't believe how cheap the options were. Late last week the options, including the LEAPS, were trading at almost NO PREMIUM whatsoever. I almost jumped on some more but the next day when the stock moved through resistance about two points of premium suddenly appeared on my Jan 99 25s. Missed a good opp. although premiums are still remarkably low due to low Implied Volatility. If WCOM makes a big move upward, say a whole point or two, then IV will increase and more premium will appear.

Good Luck,

halfscot
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