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To: Ira Player who wrote (4005)12/22/1998 2:16:00 AM
From: bazooka  Respond to of 4969
 
>"The seller makes his 'premium' from the use of the money for a year."

isn't it the case that the buyer of the option (jan 2000 80 call) can exercise at anytime or are LEAPS different? i'm still not sure why the seller would write such a cheap call ($100).

bazooka

btw- whats the deal with nyse after hour prints on instinet? are they mandatory or optional (according to my broker)?