Ok badgerkid, now that makes sense to me. Now that you've suggested this, the lessening in demand and lower price fits the expiration of the august calls and also the introduction of the Octobers almost exactly.
Hey badgerkid, I'm pretty smart for figuring that out, don't ya think? :) :) No, not trading them, long on the Dec's, but was concerned with the price slide on those options as I was thinking it may be reflecting the street's lowering of expectations that IDCC would be sold. Thanks. .. nic
Nic, options don't trade like stocks. Several things have happened over those 4 days. First, August options have closed; current month is now September. Second, much of the pressure is moving forward to September and October (which just opened) which takes pressure off of December. Much of the news/rumors suggest that a deal will be known by September expiration or possibly into October - this takes the pressure off December and hence the drop in contract premiums for that month.