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To: Chuzzlewit who wrote (153388)2/9/2000 12:31:00 PM
From: Geoff Nunn  Read Replies (1) | Respond to of 176387
 
Chuzz, is it possible your memory is faulty? :)

In all seriousness, the bid and asked prices you mentioned seem too high to me given your other figures. After all, the intrinsic value of the put is only $6.5, and it has only about 30 days remaining to expiration. Do you remember what the implied volatility was?

I ran the numbers through a B-S option calculator. If we assume IV = 50, the market value of the option would have been $6.836.