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To: Electric who wrote (12349)7/20/1998 9:33:00 AM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 42787
 

Also when I looked at BK (Home of the Whopper) the premies were fine, this isnt
a volitile stock, and wont be pumped like PG or DELL would be..>>>>

that is where you are wrong

the stock is up a buck and change from where I bought my calls
and my calls are worth the same...actually a little less because of the spread

and it isnt due to time erosion
they are Octobers

it is due to the fact that they jacked up the premium on the announcement and then when BK backed off
they stripped

my whole point of my post was
I want to see
what happens when a stock doesnt back off

the thinking would be the premium doesnt get stripped because the momentum stays with the stock

but because it backed off first and then surged they stripped the premium

which is what happened with PG
and with BK

so I guess i wil have to wait to see what happens with the next split announcement...