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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: ViperChick Secret Agent 006.9 who wrote (5786)1/24/1999 3:20:00 AM
From: Bill/WA  Read Replies (1) of 122087
 
Lisa,

Thanks for posting my msg. on DBCC puts.
Despite being characterized as an "idiot" by Pope, here is the response from Michael Burke who's credits & expertise far exceeds the former.

<<To: Bill/WA (44394 )
From: Michael D.Burke
Saturday, Jan 23 1999 2:33PM ET
Reply # of 44460

Bill, Sorry, can't explain it. The pricing looks totally insane to me. I think it is fairly
priced now and was overpriced earlier. Time compression doesn't account to anything
in that short a period. I've gotta tell you, it looks like a McMillan would say that the
volatility premium has been taken out of the stock. But it makes no sense to me. I've
never seen anything like it except in the days of the OTC options market in the early
1970s. And that was just sellers being crooks.

MB
>>
Perhaps, you or Anthony would like to comment?? I have only been trading options for about 3 yrs & never run into this (even in low volume). And Tom, come on, would appreciate your comments too, but really, from Toronto to Paris to London to Hong Kong, is "idiot" a universal term used for someone asking questions??

Regards,
Bill/WA

ps: Lisa, I haven't been able to see your recent posts either.
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