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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: mc who wrote (7055)	3/7/1998 7:01:00 PM
From: Marc D.	Respond to of 14162

This must make for some complicated options tranactions. It would seem to me that liquidity diminishes significantly, i.e. your choices are to let the option expire and have it exercised or close it by buying from an options MM, but there won't be any buyer on the other side of the option so the spread must open a little more. You're right, there still should be USRX leaps out there...I have no idea where to find them. I've never seen an option trade for any strike price other than a 2.5 multiple or a multiple representing an X-for-1 split. I'll try to find some optionable company that is just about to complete a stock swap deal and see if I can follow what happens to their options chains/quotes. Thanks for your help. Good luck, Marc