Lower prices from the peak this week.
I would prefer not to see any decline, but this would be an unreasonable expectation.
The puts were overpriced. In fact, there was no price change today despite a 30-percent rise in the common stock.
PCBC1018U2.5 (2010 Sep 2.50 Put) 2.05 0.0
Aug 24, 2010 @ 02:24 ET (DELAYED 15 MINUTES)
Last Sale 2.05 Tick Up
Time of Last Sale 08/23/2010 15:39 Exchange CBOE
Net Change 0.0 Previous Close 2.05
Open 1.95 High 2.05
Bid 2.00 Low 1.95
Ask 2.10 Volume 431
Open Interest 7025
Expiration Date 09/18/2010
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