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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (32652)	1/5/1999 3:13:00 PM
From: Tommaso	Respond to of 164684

Well, that's what I thought, but if you look at , say, .lohmp (Jan of 2000, strike 180 originally) which had been trading around 28, you see it quoted at 2 3/4 on the CBOE today, which is roughly as if there were now 10 options in place of one. If it had the strike price cut to 60, and three options in place of one, it seems unlikely that even with today's excitement over AMZN that the price would have dropped from an implied 9.375 or so to 2 3/4. webservices.pcquote.com Well--maybe it will get clear in the next couple of days. If this were an in-the-money near term option one could expect this kind of revaluation, but it doesn't happen with a 50% out of the money put with a year's expiration.