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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 61.75+3.3%3:33 PM EST
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To: Gary Korn who wrote (3556)4/3/1999 6:36:00 PM
From: Roader  Read Replies (1) of 6439
 
I don't know how much sense this makes b/c if you sell the 35 calls and you get the stock for 32/14 and the stock is > then 35 you lose it. Seems like a lot of brain damage for 2.75. People do this when they have millions so the arb on the volume adds up. Doesn't make sense for a few hundred or even a thousand shares.

Roader
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