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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Caroline who wrote (8509)9/10/1998 11:06:00 PM
From: Douglas Webb  Read Replies (1) of 14162
 
Actually, it looks like the January puts are trading right about where they ought to be...

SLE Chart: webbindustries.com

SLEMI Chart: tscn.com

The last time SLE traded around $50 was a month ago, and the Jan99 45P was going for around $1.10, where it is now. So that fits.
Also, SLE just gained $7 in five days, and SLEMI lost $1.60. So, for a one-day drop of $1.325, I'd be suprised if SLEMI went up more than $0.30. That's not much more than the bid/ask spread, and well within the trading range for today.

Doug.
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