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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (39747)12/18/1998 3:48:00 AM
From: Bill/WA  Read Replies (2) of 132070
 
MB,
Been trying to figure the rhyme and reason of the price movements of options,
here goes:
Have been holding NVLS puts (NLQOH)Mar 40's
On 12/16 NVLS drops 3 7/8
Option movement:
MAR 40 (NLQOH) bid-2 7/8 ask-3 1/4 last-1 13/16 chg-0
MAR 45 (NLQOI) bid-4 5/8 ask-5 last-4 5/8 chg-+1
MAR 50 (NLQOJ) bid-7 1/8 ask-7 5/8 last-7 chg-+1 1/8

On 12/17 NVLS goes up 3/4
Options movement:
MAR 40 (NLQOH) bid-2.5 ask-2.875 last-2.5 chg-+0.687
MAR 45 (NLQOI) bid-4.125 ask-4.5 last-4.625 chg-0
MAR 50 (NLQOJ) bid-6.625 ask-7.125 last-7 chg-0

So, on the 16th the stock drops almost 4 however the Mar40's don't move.
Then on the 17th the stock pops up 3/4, the 45's & 50's don't move,
however the 40's move up 5/8's.???????

How'cum
Thanks,
Bill/WA
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