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Re: Zeev Hed post# 163280

Tuesday, 10/21/2003 7:40:59 PM

Tuesday, October 21, 2003 7:40:59 PM

Post# of 704041
RE SNDK

options premiums on both puts and calls vaporizing. intrinsic premium at the money off over $ 2 -- $ 5 to $ 3 -- since earnings announcement blastoff last week.
I feel that gap in price is coming soon. I was trying for $1.00 or more for NOV 85 short calls and they kept dropping bid as stock price inched up today. That makes me think down is direction as covered call writers abound.

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