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

To: Tommaso who wrote (44147)	1/21/1999 8:58:00 AM
From: Bill/WA	Read Replies (1) \| Respond to of 132070

Tommaso, Understand completely about "in" & "out" of the money. And while its true that in a perfect world, at expiration, if the stock was at 8 1/2, the option would expire a wash (no intrinsic value). However, as MB was explaining and showed in a post, quite awhile ago, when he buys far out of the money and far away (time) sometimes they do move (garenteed not as much), but they will move. So with a stock dropping more than 1/2 its value I would expect a far out (both ways) option to move at least a few tennies. Wish I could find that post of his. thx Bill/WA