XTO Energy

[Bongo972]

Can someone tell me why XTO Energy options that expire in basically a week are selling for pissloads

http://finance.yahoo.com/q/op?s=XTO

Example: http://finance.yahoo.com/q?s=XTJBK.X

 

[spindr0]

XTO had a 5:4 split and the number of shares per adjusted contract was increased to 125.

Standard 100 share contracts have a root symbol of XTO
Adjusted XTO contracts have a root symbol of XTJ

From your Yahoo link, XTO closed at $51.27 and an adj. Feb 45 call goes for $19.40

That means if you buy that call, you'll get 125 shares at $45 for a total cost of $6,440 ($45 + $19.40)

125 shares @ today's close is worth $6,409

Doesn't look like such a good deal to me (g)

 

[Nanook]

Quote from Bongo972:

Can someone tell me why XTO Energy options that expire in basically a week are selling for pissloads

See transaction dated 14-Dec-07:
http://finance.yahoo.com/q/hp?s=XTO

 

[Bongo972]

What's that link mean in layman's terms.

 

[commiebat]

Quote from Bongo972:

What's that link mean in layman's terms.

It means what spin said.

 

[Nanook]

Quote from commiebat:
It means what spin said.

Thanks, commiebat!

Bongo972: Post from spindr0 + post from Nanook= ...
... oh, never mind!

 

[Bongo972]

I apologize for offending you guys.

 

[Nanook]

Quote from Bongo972:
I apologize for offending you guys.

No offense taken...
...now go and offend no more.