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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (5774)	1/23/1999 3:11:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 122087

for those that trade in options here is one of the stupidest crooked rip offs on options that i have seen .....on DBCC...well there are probably more..they just don't come to mind at the moment To: +Michael D.Burke (44167 ) From: +Bill/WA Saturday, Jan 23 1999 2:45AM ET Reply # of 44431 Michael, Re:DBCC options Finally found your post I wanted to use as an example (#39000). Don't know how to link it but here is part of a paste - <<Options are fungible. They have a life and pricing of their own. Yes, as they approach expiration date, pure premium dries up and intrinsic value is the key. But before than, moves in the direction of strike price, even though they still may be 30 points out of the money, can move the value of the options up a lot.>> I didn't think a strike of 10 would be considered an "absolute low" as the stock has traded around 5 all last year. Indeed, the advance to the 30's lasted only around 15 days and only on the interNUT hype of its position with MKTW. Glad I didn't take the 5 and 7.5 strikes <G> here's a short price history of the stock and Jun10 put (BQDRB) date stock $ BQDRB $ 1/14 31 3/4 1 1/2 purchased 1/15 21 3/4 1 1/2 1/19 19 1/16 1 1/2 1/20 16 1/8 1 1/2 1/21 18 3/4 1 3/16 1/22 18 9/16 13/16!!! Can you, or would you explain what's happening here, cause I sure can't find it in McMillan's. Only thing I can think of is this is just another typical Bill/WA pick <G> The shorts made a killing on DBCC but like you, I just don't care to go that way. Thanks for all of your time & help on one of the best (and most civilized) threads on SI. Bill/WA