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To: pater tenebrarum who wrote (38636)11/17/2000 6:40:03 PM
From: UnBelievable  Read Replies (1) | Respond to of 436258
 
That Works For Me... :)



To: pater tenebrarum who wrote (38636)11/18/2000 8:35:21 PM
From: chic_hearne  Read Replies (3) | Respond to of 436258
 
24 plus vola premium...probably several bucks in case of such a wipeout.

Not sure about the premiums. I'm convinced when the options boyz get screwed, they aren't going to make it easy for you to cover and no one in their right mind is going to be buying deep in the money poots, so it's up to them.

This has happened to me a few times lately. I covered some of my INTC Dec 45's when it was at $36 a few days ago and couldn't get any premium. It frustrating throwing in asks with only pennies of premium and having no one hit them, but I guess that's how the game works.

Maybe in a monster shakeout things will be different, but I have doubts.