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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (6639)	12/31/1997 8:44:00 PM
From: Steve Robinett	Read Replies (2) \| Respond to of 13594

Mike, Yes, the Jan 85 puts are 1-13/16 bid, 2 ask. cboe.pcquote.com A more interesting question comes up with the at-the-money options. AOL closed at 90-1/2, a half point in the money for 90 options, yet the Jan 90 calls are 3-3/8 ask, the Jan 90 puts 4 ask! This is not the usual situation. I would expect to see the in-the-money call prices at more than the out-of-the-money put. What does this mean? Probably that some people are bearish on AOL at $90 and have bid up the puts. In spite of today's rise in price, more 90 puts traded than calls. Best -Steve