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Strategies & Market Trends : Canadian Options
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To: Porter Davis who wrote (915)3/23/1998 10:29:00 PM
From: Kayaker  Read Replies (1) of 1598
 
Porter / Puzzled on option prices.

Porter, if I might bend your ear for a moment...

I'm looking at GEAC Computer (GAC) Oct 62.5 calls (cause I have some). Friday GAC closed at 56.50 and the bid/ask on the 62.5's was 7.10/7.35. Today, GAC was UP .45 (to 56.95), but the bid/ask on the 62.5's was DOWN to 6.85/7.10. The bid/ask close today is even lower than last Wednesday (6.90/7.15) when GAC closed at 56.

Can you explain this?

Thanks,

Bob (grumble BLD grumble grumble down grumble today grumble)

PS. When do Jan options become available?
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