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To: BGR who wrote (112246)3/25/1999 1:40:00 PM
From: edamo  Read Replies (1) | Respond to of 176387
 
bgr...re: options mm...can be wrong!"

perfect example as i have posted many times (all figures split adjusted)

2/17 dell 0160 put premium swells to 26...common @ 41.25..next day common down a bit more...but put premium @ 24..
3/23 dell touches 35...put premium expands but only to 26...no time erosion just a manic bump by the options mm..

it happens more than you think on both puts and calls...leaps still a bit foreign even to the "pros"...ask them...they subscribe to short term positions...state opportunity loss with leaps...yadda,yadda,yadda..

watch days with extreme up/down volatilty..program trading. etc..you'll detect this recurring pattern...good luck, ed a