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


To: Don Lloyd who wrote (44399)1/23/1999 2:42:00 PM
From: Knighty Tin  Respond to of 132070
 
Don, Good explanation and one I hadn't considered. I still think it was robbery, but more understandable now. <G>

MB



To: Don Lloyd who wrote (44399)1/23/1999 7:30:00 PM
From: Skeeter Bug  Respond to of 132070
 
don, did you notice that the june 10 put option went from $1.50 to $13/16 as the stock went from $31 to $18 in about 1-2 weeks - w/ 5 months left until expiration?

this is abnormal option behavior - especially for an option with 5.5 months left in time value. what you say is accurate. in this case, however, something else was at work. i think it was a rip off artist when the stock was $31...