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To: PerryA who wrote (21077)9/23/2000 1:02:02 AM
From: XBrit  Read Replies (2) | Respond to of 436258
 
Yes, it is normal. When stocks make a big, sudden move, premiums on suddenly-valuable options are almost always cut close to zero to minimize the losses to the market makers.



To: PerryA who wrote (21077)9/23/2000 2:56:42 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<I was lucky enough to have some Oct $60 puts >

This is not unusual that you could only get intrinic for them... they're WAY in the money now.

DAK



To: PerryA who wrote (21077)9/23/2000 5:46:25 PM
From: yard_man  Respond to of 436258
 
happens often with options that deep in the money -- if they are too much less than intrinsic you should just exercise -- why let 'em screw u?

Of course, I'm just the kind of guy that gets some glee out of thinking someone has to buy those shares a few weeks early -- before things can come back a little <g>


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