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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (54406)4/2/1999 10:25:00 PM
From: Michael Bakunin  Read Replies (2) of 132070
 
AOL's vols are 'only' around 75% these days; when it cracked 150, I held my nose & bought puts. I hope the stock now mimics Dell's.

When Dell threatened to shoot through 110 (pre-split), the implied volatility on the options was pushing 100%. I held my nose and bought puts while the Dell bulls were shorting them for 'free money'.

mb
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