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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (34650)10/27/1998 8:24:00 PM
From: upanddown  Respond to of 132070
 
MMV

Thanks, I see what you mean now. I don't think that the intrinsic value ever reached the bid in this case though it is hard to say when the stock is moving fast and the option is moving slow. I'll keep that strategy in mind if it ever happens to me. I'd guess that is more likely to happen on deep in-the-money near-term options. This one should retain some time premium for awhile since they are Feb 12.5.

Thanks,
John


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