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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (3998)	12/21/1998 8:06:00 PM
From: bazooka	Read Replies (2) of 4969

anyone, i am new to options trading but have been told that there are both day and night sessions. how does this work and on which exchanges? furthermore, i was looking at the (2000 jan ibm 80 call) and i see that 1 contract traded at 6:20 EST. at $100. is this a late trade, if not, then who is active during this time. to check it out then go to quote.com and then enter the symbol LIBAY. or just go to to quote.com and hit the link for live (delayed) charts. thanks for the help. bazooka btw- on this option (priced at 100) it looks like your only paying a 3 1/2 point premium (176 1/2 <ibm's current price> - 80 <the strike price> equals 96 1/2) for 1 year in time value, seems cheap to me; please tell me if i am wrong

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