Got the answer from Ticalc , dividend play. Glad I sold but pissed I didn't know this. Happens every quarter.
Ticalc2007
Thursday, March 14, 2013 11:57:01 PM
Guess we have the answer ... no wonder it was trading with no time value, ex-dividend date is tomorrow, hence no premium, given the expectation that it will drop by about the same as that dividend.
Life is too short to drink bad beer.