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To: R. Ramesh who wrote (562)11/18/1998 3:11:00 PM
From: corporal spewchunks  Read Replies (1) | Respond to of 2018
 
I'm talking about the premium on the $30 Nov. puts. I think you are talking about the price of the stock.



To: R. Ramesh who wrote (562)11/18/1998 3:23:00 PM
From: corporal spewchunks  Read Replies (1) | Respond to of 2018
 
In other words, when the stock goes to 18 1/2 the put should be about 11 1/2. So what I was trying to say is that I think it is at that level that the put owners start to loose money on the price of the stock ie. if the stock goes above 18 1/2 before the puts expire.


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