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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (44119)	1/21/1999 4:13:00 AM
From: Bill/WA	Read Replies (3) of 132070

MB, If you would be so kind to impart some knowledge? In one of your previous msg's you showed how one of your "far out" of the money & time puts can still move up as the stock declines (I think it was INTC at the time). I purchased a JUN10 put on DBCC for 1 1/2 on the 14th when the stock was at $31+. As of today, DBCC has dropped to $16 1/8, the JUN10 still sits at 1 1/2??? Indeed, some of the other JUN puts have even declined in price. DBCC was hovering around $9-$10 the 1st half of DEC, so the increase and in turn decline in price has been quite dramatic. Is this the reason these puts don't move much or is it just the luck of the draw?? TIA Bill/WA still looking for my McMillan's

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