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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (1847)	12/5/2000 3:50:27 PM
From: KFE	Read Replies (1) \| Respond to of 2317

Dave, I cannot remember the exact situation that happened to me in the trade I mentioned but it did involve cash and stock and the expiration and tender dates also had something to do with it. The dates can be critical on spreads because you have no control over the assignment of the short side only the long side. This deal has a cash offer of $47 dollars so that is probably why the $50 strikes have similar prices and those under $47 do not have much value. You could use this as a test of your brokers options department. Call them and ask why the put/call parity is so far out of alignment and if there have been any adjustments to the terms of the options. The answer you get may tell you something about their options department. Regards, Ken