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Technology Stocks : Micron Only Forum
MU 239.97+1.5%3:20 PM EST

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To: Land_Lubber who wrote (42679)2/2/1999 8:05:00 PM
From: VincentTH  Read Replies (1) of 53903
 
Re: Strangely, the ask price on the MUNLs (Feb 60 put) was 3/4 both just prior to 1300EST and just prior to the close (1600), although the underlying was about $3 HIGHER at the close (75 vs. 72)! This is the opposite effect to time value loss, since the option is worth MORE at a later time, despite a significant UNFAVORABLE price move.

Because the 72 5/8 closing price was a fake.
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