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To: ChinuSFO who wrote (4806)8/22/1998 12:39:00 PM
From: BWAC  Respond to of 8358
 
I fully understand the options thing and moving to the strike price which leaves the option buyers as close to zero as possible.
BUT why move it to the 10 strike. There was only 182 open interest on the 10 Puts. Representing 18200 shares. Not much.

I guess it is possible they were cutting losses on the 12.5 and 15 Puts but again there were only 998 and 225 open interest. About 122,000 shares.