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

To: Stephen L. Smith who wrote (49719)3/4/1999 11:39:00 AM
From: Kailash  Read Replies (1) | Respond to of 132070
 
SCH options - I've never done options but consider shorting. Am I right to think the high prices on puts indicate traders view the chances of a decline to be high?

Kailash



To: Stephen L. Smith who wrote (49719)3/4/1999 11:56:00 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Stephen, Yeah, they seem pricey to me. But, then, this is a stock that could be cut in half overnight.

MB



To: Stephen L. Smith who wrote (49719)3/4/1999 12:04:00 PM
From: J. P.  Respond to of 132070
 
I made mucho percent on the MUPJ Apr 50 puts and MU never even broached 50....Stock doesn't have to go through your strike for you to cash in, but how sweet it is when it does!



To: Stephen L. Smith who wrote (49719)3/5/1999 3:44:00 PM
From: upanddown  Read Replies (1) | Respond to of 132070
 
Whoops -- 3-7/8!

Steve, I just got 10 SCHRL at 2 5/8. On sale for the next twenty minutes<ggg>. Hell, we'll get a double if it drops to 70 and its not worth half that.

John


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