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Strategies & Market Trends : Best Option Strategies and Option Insight

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To: Mr.Manners who wrote (120)3/31/1998 1:27:00 PM
From: wiley murray  Read Replies (1) of 245
 
Hi Kasha,

On the WFC April puts you have the following:

300 ask 3/8-theoretical .328
310 ask 7/8- " 1.073
320 ask 21/2 " 2.745

WFC Calls

350 ask 2 7/16 " 3.459
360 ask 1 1/8 " 1.552

In looking at the recent calls you will notice they appear more undervalued than the puts. Keep in mind that WFC has huge swings in bid and ask especially puts as WFC has been such a high flyer. So the bid usually on the puts especially can be bid way down.So these look real cheap IMO.The calls spread seem to hold better.I hope this makes some sense. The thin volume on the stock and options require that you need to keep in mind all of the above as you bid and ask on this stock/option.
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