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To: yard_man who wrote (29505)3/5/1998 5:19:00 PM
From: johnlea  Respond to of 53903
 
<I agree the put prices seemed high. Very strange. Somebody else with a non-technical explanation?>

sure,

1. a whole bunch of people really, really, really think this stock is way overvalued and are willing to pay a put premium.

2. another whole punch of people are hedging their long positions.



To: yard_man who wrote (29505)3/5/1998 5:37:00 PM
From: Trey McAtee  Respond to of 53903
 
barry--

one thing though..if those are the premiums NOW, can you imagine how rich they will get when MU starts to go down again?

good luck to all,
trey


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