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To: craig crawford who wrote (86369)12/6/1999 2:57:00 PM
From: KeepItSimple  Respond to of 164684
 
>>> Well, Yhoo puts are extremely expensive right now <<

No more expensive than the calls. Irregardless of what people say when glancing at the options chains, the market makers are pretty much forced into pricing the calls and puts at the same relative price. If they slip up, the arb traders rush in and establish a straddle and lock in a guaranteed profit.



To: craig crawford who wrote (86369)12/6/1999 6:21:00 PM
From: Jan Crawley  Respond to of 164684
 
Pending 4 Yhoo Dec 280 puts at $7 now. Will be out of the pocket for the rest of this week and good luck.


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