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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (29746)	2/12/2002 11:51:02 PM
From: mishedlo	Respond to of 99280

Yes, 95 is 9500. There are some other strange anomolies as well. Look at DEC 03 140 puts - as deep as you can get. They are trading at a huge discount. Figure it out. Cost $38 but currently $42 in the money. You or I could make a killing on that immediately except for one small problem. You can not execute them now cause they are Euorpean style puts. You can trade them but you can not execute them. As part of this anomoly, the Dec 02 140's actually cost more than the Dec 03 140's which have a full extra years time value, in this case negative time value. Perhaps an option Hank can fall in love with! Inverse time value. As time goes buy, if the DOW justs sits where it is, the value of the deep in the money options will increase. LOL The march and the June 108 puts are both about $10. 3 months extra time for NOTHING. Both are about 10$ in the money. M