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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Labrador who wrote (3076)12/16/1999 1:15:00 PM
From: Gut Trader  Respond to of 24042
 
ride the light/eom



To: Labrador who wrote (3076)12/16/1999 1:16:00 PM
From: y2kate  Read Replies (1) | Respond to of 24042
 
Question- what happens when you're holding those calls at expiration? Does the value of the option just accrue to your account if you don't sell or exercise them?
(That's a rather outrageous price for Dec. 250's! Somebody's
trying to discourage buyers, obviously...)



To: Labrador who wrote (3076)12/16/1999 1:39:00 PM
From: Wyätt Gwyön  Respond to of 24042
 
JDSU Dec250 for 3 bucks expensive? I think not. Look at IV. Stock up 8.2% today. Selling that cheap a prem. is a shoe-clerk move.



To: Labrador who wrote (3076)12/16/1999 2:09:00 PM
From: Guy Gordon  Respond to of 24042
 
RE: JDSU options.

No, I don't find it amazing. Volatile stocks command high options prices. The seller of that Dec 250 call runs the risk that JDSU will go up a little over 4% by Friday close. That could easily happen.



To: Labrador who wrote (3076)12/16/1999 3:01:00 PM
From: Bill Holtzman  Read Replies (1) | Respond to of 24042
 
Re: JDSU options premium. I'm not surprised in the slightest. I commented on this thread that I thought the plunge from 260 to 220's (and below) was related to options. And, when Guy told me I was wrong, I suggested that a 30 point move on Friday would prove me right. Well, it's only Thursday and it's only 20 points so I guess I'm wrong so far.

BTW, I bought Dec 260 calls at 2.25, 1.5, and 13/16!! They're at 1.5 now, what should I do?!