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Post by fastwalker on Oct 23, 2004 0:28:49 GMT -5
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Post by fastwalker on Oct 23, 2004 0:29:22 GMT -5
;DCALL 1. The period of time between the opening and closing of some future markets wherein the prices are established through an auction process. 2. An option contract giving the owner the right (but not the obligation) to buy a specified amount of an underlying security at a specified price within a specified time. 1. In some exchanges the call period is an important time in which to match and execute a large number of orders before opening and closing. 2. A call becomes more valuable as the price of the underlying asset (stock) appreciates.
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Post by fastwalker on Oct 23, 2004 0:29:46 GMT -5
:DFinally! I've been trying to get this point across for weeks now. As previously stated, 3 - 4 weeks ago, if you searched for CIM, CIM High Yield and Citigroup would appear, then suddenly, Citigroup disappeared from the search results. Now, if you do a search on CMK or CMI, both searches show Citigroup listed. I always thought it was weird, or maybe just a coincidence, that all of the three letter tickers which have been associated with CMKX (CIM/CMI/CMK) all have connections with Citigroup. Is there a possibility that CitiGroup is a financial backer of CMKM and is simply reserving a specific ticker symbol for us, so that Urban and Roger don't tip their hand by attaching the Casavant name to it too early?
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Post by fastwalker on Oct 23, 2004 0:30:28 GMT -5
:oAudrey I searched on E*Trade and found this: CITIGROUP INC January-05 $55 Put CMK Option CITIGROUP INC January-05 $45 Put CMI Option What do ya think?
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Post by fastwalker on Oct 23, 2004 0:31:02 GMT -5
:oCITIGROUP INC November-04 $65 Call CKM Option CITIGROUP INC January-05 $20 Call CAD Option CITIGROUP INC January-05 $15 Put CMC Option Looks like Citigroup has a wide assortment.
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Post by fastwalker on Oct 23, 2004 0:32:03 GMT -5
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Post by fastwalker on Oct 23, 2004 0:33:03 GMT -5
CKM is simply a call option being traded for Citigroup (November 04 for the strike price of $65) The price to buy this option is .05 ($5.00 to have the right to buy 100 shares of Citigroup at $65.00) Since the option expires the 3rd week of November, and the current price of Citigroup is $42.56, the option is cheap (the odds of Citigroup exceeding $65 in the next month is low). Sorry folks, this has nothing to do with CMKX!
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