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Technology Stocks : VISIO Corp (VSIO): Big ISO 9000 Play -- Ignore unavailable to you. Want to Upgrade?


To: Tim O. who wrote (510)1/11/2000 4:54:00 AM
From: TobagoJack  Read Replies (1) | Respond to of 522
 
Options are not issued by the companies in question. They are creations of folks on Amex-Nasdaq, and according to the exchange rules, they fade into the night if out of money, settled in cash if in money. It really was like taking money from babies, but made more enjoyable because money was taken from market makers. They did not dare dropping the June premium as the deal could have blown up, and they had to fill all orders less than 10 contracts each.