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Strategies & Market Trends : Waiting for the big Kahuna

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To: Oeconomicus who wrote (16731)	4/17/1998 12:24:00 PM
From: Marq Spencer	Read Replies (1) of 94695

Bob, >>OK, you option gurus, answer this. Why would anyone be willing to pay me a full point at the close yesterday for my SPX April 1100 puts? << I'm not complaining either, but someone paid me a full point for April 1090 puts at 3:50 pm! It is possible that someone had written these for much higher premium (say $4) just a week ago, and they didn't want to risk the gains that they had. - Brian.

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