RE: [RT] Calendar Spreads

["Raymond Raffurty" <r.raffurty@xxxxxxxx>]

<FONT face=Arial color=#0000ff 
size=2>Without knowing more, I would guess it is a nonstandard option (i.e. more 
than 100 shares and possibly cash included) due to a stock split or 
merger.
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Good 
luck and good trading,
<FONT face=Arial color=#0000ff 
size=2> 
Ray 
Raffurty
<FONT face=Arial color=#0000ff 
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<FONT face=Arial color=#0000ff 
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<FONT face=Tahoma 
size=2>-----Original Message-----From: CP4w@xxxxxxx 
[mailto:CP4w@xxxxxxx]Sent: Tuesday, February 17, 2004 12:12 
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] 
Calendar Spreads<FONT lang=0 
face=Arial size=1 FAMILY="SANSSERIF" PTSIZE="8">Why would CALLS  (FEB 
30)  4.5 points out of the money and 4 days to expration be active on the 
upside, trading as high as 1.50 with no intrinsic value? Guesses?cp 







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