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To: Dennis R. Duke who wrote (35038)2/16/1998 8:34:00 AM
From: Glenn D. Rudolph  Respond to of 61433
 
2/21/97---59.75
3/21/97---49.375
4/18/97---40.25
5/16/97---47.5 (obvious exception)
6/27/97---40.0625
7/18/97---50.0625
8/15/97---45.4375
9/19/97---36 (exception)
10/21/97-34.9375
11/21/97-25.375
12/19/97-27.3125 (exception)
1/16/98---30.0625


These above exceptions are not necessarily an exception. There were two option strike having an affect. The old Cascade had a lot of open interest. Note their strikes fell within these "exception" parameters.
Except of LEAPS, all the Cascade options are now expired.

The prior post was excellent showing the deltas given the options at closing.

Glenn



To: Dennis R. Duke who wrote (35038)2/16/1998 9:24:00 AM
From: Gary Korn  Read Replies (1) | Respond to of 61433
 
2/21/97---59.75
3/21/97---49.375
4/18/97---40.25
5/16/97---47.5 (obvious exception)
6/27/97---40.0625
7/18/97---50.0625
8/15/97---45.4375
9/19/97---36 (exception)
10/21/97-34.9375
11/21/97-25.375
12/19/97-27.3125 (exception)
1/16/98---30.0625


Dennis, thank you for reposting Mike Cammarata's excellent historical analysis of options expiration!

The 12/19 exception was, of course, a LU/ASND buyout rumor that popped up with 2 hours left on that trading day. Virtually all day long (before the rumor), the stock was trading at almost precisely 25.

Gary Korn