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To: Tommaso who wrote (62322)6/14/1999 3:46:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 132070
 
Good Q Tommaso. I also hold those buggers and I rember them ask 1 1/16 when sch was over 10 pts higher! Still, it's headed in the right direction. I think holding here is the best bet. -g-



To: Tommaso who wrote (62322)6/14/1999 4:19:00 PM
From: Don Lloyd  Read Replies (1) | Respond to of 132070
 
Tommaso -

(..Given that SCH is presently down over 12 today, I am a little disappointed with the sluggishness of my LEAP 40s of 2000...)

FWIW, a real time option chain chart after the close showed an Implied Volatility of 69 for that put and a delta of .014. If the delta were constant, a 12 point fall in the stock would be expected to cause only a 0.17 point increase in the put.

Regards, Don



To: Tommaso who wrote (62322)6/14/1999 11:28:00 PM
From: Knighty Tin  Respond to of 132070
 
T, You have to admit, the 40s are a wee bit out of the money. <g> But I have noticed after a big drop or rise, that volatility deflates for a few days. It is like speculators need to catch their breaths, take profits and reload.