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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Harvey Allen who wrote (42266)4/16/2000 5:02:00 PM
From: werefrog  Read Replies (2) | Respond to of 74651
 
re "bankrupted tens of thousands of day traders"

harvey: that article was laughable. correct me if i'm wrong, but was'nt it the long term traders who suffered last week, seeing their wealth drop 25%?
JH



To: Harvey Allen who wrote (42266)4/16/2000 9:41:00 PM
From: johnd  Read Replies (2) | Respond to of 74651
 
Harvey, All of MSFTs puts sold have significant time premium and the strikes are 67 to 80 or so and call carry over 100% time premium. Even if MSFT wants it to be put they won't be put. They will carry time premium as they don't expire 2-3 years out.