Options for Newbies -(Help Me Obi-Wan-Kenobe) Message Board

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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)

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To: Madpinto who wrote (772)	3/12/1998 5:11:00 PM
From: Cents	Read Replies (3) of 2241

Hi Michael and Doug; I bought a couple of March 27.5 put options contracts for $1.25/shr....and I was wondering, at market closing its position was out of the money.... with one week before expiration...how can one tell how much intrinsic value it has and how much of it is time value? The stock price closed at $29 (it was at 27.5 when I bought them. I'd like to close my put positions first thing tomorrow bc I don't anticipate the stock to go down much during next week (possibly Monday it might move down). Are my Puts pretty much zilch since the stock price has already moved away so much in one day? Any insights from you guys are very much appreciated. Cents

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