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To: Activatecard who wrote (23414)4/5/2000 10:02:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
it's the abyss itself that beckons...actually i have in the meantime found out that the spike was most likely a data feed error. the high seems actually to have been above 32.

why is it a warning sign? because it shows that market makers and put sellers in general are not prepared to accept low prices for their options. they are pricing in the expectation that volatility will soon return....