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Technology Stocks : Identix (IDNX)

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To: steve who wrote (11567)12/3/1998 5:49:00 PM
From: J L Segal  Read Replies (2) of 26039
 
Anyone notice that 100 of the IDX Dec 12-1/2's traded today? The AMEX just opened up the 12-1/2 strike price yesterday. Interesting, since I always thought that new strike prices weren't added unless the underlying stock either traded or closed well above (or below) the current high (or low) strike for a couple of days. IDX has barely broken 10 - and for only a very short time. It's also unusual for a new strike to be added so soon to the current month in a situation such as this. Anyone care to comment?

JL

p.s. Anyone notice the announcements from ORCL out of the banking trade show? (Notice how CKFR moved yesterday) An announcement was made after the close today concerning working with EDS to provide internet bill presentation and payment solutions. -Isn't it about time to hear about IDX from ORCL? -Brad - does this have anything to do with what you were referring to several posts ago? (sorry, I can't help speculating)
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