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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: scope who wrote (8369)12/15/1997 12:05:00 AM
From: Sam Nizam  Read Replies (1) | Respond to of 9285
 
Check those again Scope. The 15's and 17 1/2 can't both be 2 1/2.

Sam



To: scope who wrote (8369)12/15/1997 12:52:00 AM
From: Mama Bear  Respond to of 9285
 
Scope, what kind of quotes are those? You can't use last trade in options, as they are thinly traded and when the underlying changes the bid/ask on the options is likely to change. And it's bid/ask that counts.

Jan15 2 3/8 x 2 3/4 last 2 1/2
Jan16 1/4 1 3/4 x 2 last 1 13/16
Jan17 1/2 1 1/4 x 1 1/2 last 1 5/16

Source: Dreyfus Brokerage Services

Those were the closing bid/ask Friday, and will likely be different when the options markets open. These are probably also supplied by the CBOE, and since your contention (as well as mine) is that the other option quotes on this security are innacurate, why would you trust those quotes? They report the ones you like correctly, but the ones you dislike are innacurate? I'm not sure why you're being so contentious over this issue. I'm still going to take the 20 seconds necessary to satisfy my curiosity over this issue in the morning. I doubt that I'll miss them.

Barb