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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?


To: Goldberry who wrote (1348)4/20/1999 5:07:00 PM
From: Dave.S  Read Replies (1) | Respond to of 1598
 
Graham:

Yes, I suggested the writing of the October straddle.

The market makers today lowered the volatility on BII. The October 20 line is now $9.15 bid for the calls and $9.45 bid for the puts for a total receipt of $ 18.60. Sellers would have a profit upon expiry between $1.40 and $38.60. Not as good as yesterday but still pretty fat premiums.

Dave