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To: Karl Drobnic who wrote (27394)2/3/1999 11:37:00 AM
From: Alastair McIntosh  Read Replies (1) | Respond to of 31646
 
Karl, my point was that it appears from current pricing that an option specialist sees more risk from selling Feb 7 1/2 puts than from the 7 1/2 calls.

One theory of stock pricing at expiraton date is that "they" will try to move the price so that the greatest number of options will expire worthless. This would suggest an expiry close to the current stock price.

Al