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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (44627)6/2/1999 2:22:00 PM
From: John Pitera  Read Replies (2) of 86076
 
yes the net stocks have been in free fall and what is really unbelievable is that jun puts are still not that expensive for these stocks to have fallen so far. It seems like the options are priced as
if every one is confident that the decline is not worth playing to the downside.

sch jun 80's are 1.25-1.50,

egrp has fallen from 63 to 35 in 9 trading days this morning and june 32.5 were only trading at 2 or 2 and change. this is pretty surprising to have so little hedging or poot speculation occurring.
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