Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (16809)	4/18/1998 1:06:00 PM
From: yard_man	Read Replies (1) of 94695

The option price isn't just where the stock is but also includes a little bit of where the guys in Chi-town think it's headed in the next hour or two. I've just about given up on the limit orders. Guys took me for over 1/2 of a point on my sale of some options that were almost 10 points in the money on thursday -- one day before exp. I guess they thought the stock was going up. <g> (It went down on Fri -- of course.) I thought the arbitrageurs would keep this from happening so close to expiration. Still getting an education

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