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To: SeaViewer who wrote (71922)10/26/1999 5:29:00 PM
From: IceShark  Respond to of 86076
 
The MMs are a cagey lot. But, I don't know if I would hold out much hope for poots 100 points out of the money. I only had that happen once in my life with POS3. -g-

Anyway, I'm not too upset I tried to play it cute - I doubt the nov 125 poots will even double once the vol gets sucked out tomorrow morning.




To: SeaViewer who wrote (71922)10/27/1999 12:06:00 AM
From: Tim McCormick  Respond to of 86076
 
That reminds me of the time in the early 80s when I bought TXN 120 puts when the stock was 150 two weeks before expiration for 1/4 apiece. The day after expiration the stock dropped 60 points. This happens much more often than what happened to CIEN in the last year where it crashes right before expiration. Tim


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