Replies to post #18 on The Options Box (OBOX)

[Toscano]

Yes,

The initial transaction was a "buy call tro open" (where you are obtaining the right, NOT the OBLIGATION to buy SUNW at 25).

Then, the closing transaction is your "Buy call to close" (therefore terminating your option (or right --NOT OBLIGATION), to execute your option to buy SUNW.

In effect, You took yourself OUT of the market by closing such transaction.


EDIT:

I cannot believe SUNW is actually is only .75 down from yesterday...


I have to say that this tells me somebody KNEW about SUNW's warning... I will be open to other explanations... but....


and then the g'damned Merril analyst downgrades when it is already down ? what a game, better than having a printing press...

Fleece the *******s -gggg- well I can't be too mad after all... (unless this is one final trap for fools !! -GG-

SUNW now down a mere .375 (after cutting earning estimates by 1/2 ?)

[Toscano]

Today's CBOE data:


For a historical listing of CBOE Market Statistics Summaries, visit the following web address:
http://www.cboe.com/tools/statistics/summeriz.asp


CBOE Market Summary for 02/23/2001:


Put/Call Ratio: .71

VXN OPENING VALUE: 73.67
VXN HIGH VALUE : 74.71
VXN LOW VALUE : 71.82
VXN CLOSING VALUE: 72.04

VIX OPENING VALUE: 30.50
VIX HIGH VALUE : 35.22
VIX LOW VALUE : 30.04
VIX CLOSING VALUE: 30.34



EQUITY OPTION

TOTAL EQUITY CALL VOLUME : 715,671
TOTAL EQUITY PUT VOLUME : 378,137
TOTAL VOLUME : 1,093,808

INDEX OPTION

TOTAL INDEX CALL VOLUME : 104,857
TOTAL INDEX PUT VOLUME : 201,696
TOTAL VOLUME : 306,553