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peewee

08/29/10 6:25 PM

#58920 RE: peewee #58919

If CSCO goes to 24$ the option is worth around 4$+timevalue left...counts for 1:1 ones..
Its trading at 1.50 because there is still some amount of timevalue left + 0.81$ above 20$ instrinsic value..
timevalue+ instrinsic value=1.50$

:-)