Sorry guys, I was away for most of the day yesterday and couldn't throw in my 2 cents about the 11/10, 1/11 and 4/11 contracts being put up.

As of this morning on CBOE (Chicago Board Options Exchange) the bids and the asks are all set at zero. Yesterdays odd ball amounts...were just that. Nothing. IMHO from the option trading I do, the frame work is set up for extensive contract buying when news is delivered and the SP heads north. It will be a quick event and options traders will want a variety of plays available. I think them appearing is a good sign. The fact that the 5.00's and 7.50's are up as well makes me happy. The past few offerings have only been for the 2.50's.

Barry asked why someone would buy the 7.50's. If someone felt the stock was about to hit 7.50 or higher and wanted a cheaper play. Once we see some buying the MM will need to set the price, with a time premium. Those 7.50's will be cheaper then the 2.50's when activity begins. I purchased my 10/10's for .05 and that is the lowest they can be offered. Once they expire (10/15) then we will see some figures being plugged into the new offerings that were put up yesterday....unless someone rolls sooner into a month further out.

I don't think the addition of these options means the deal is delayed longer. As of now we are hopeful for a 4th Q resolution. I am smiling as I type this, because the addition in my mind, means that the framework is ready and available for when we get a halt and want to immediately plug into contract play. My reasoning prior to the addition was that it is a tough/complicated mess, to trade out when there is a merge/acquisition and symbols are changed and deals are formulated using percentages of another's stock. The contracts have to be adjusted accordingly as well and it is a headache to get your price.

All is good and I will monitor, as others will I'm sure, the activity.

Pam