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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: AlanH who wrote (53037)9/17/1998 2:09:00 PM
From: jjs_ynot  Read Replies (1) | Respond to of 58727
 
As I understand OEX options trade through Close of business on Friday. Is that correct?



To: AlanH who wrote (53037)9/17/1998 4:45:00 PM
From: B.REVERE  Read Replies (1) | Respond to of 58727
 
Alan, as a newbie options index trader, why would someone buy
500 contracts @5/8 on the spx sept. 990 puts. This trade occurred at 4:06pm today. With the spx closing appx 1019, even if we go lock
limit tonight, isn't the best market close tomorrow at 992? What
am I missing? Probably obvious but I don't see it.

Thanks,

BR


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