Yeah, there is something fishy going on in those. Tempting but scary. I mean, if you have 1000 shares of EPD and want to sell Feb (2011) 45 calls, fidelity sez you could get over $19 for apiece those. That is 19 thousand dollars for 10 contracts....for three months!
that ain't right in the real world, so something is going on. Guess I'll take a peek at these again in the morning ..... and see if I was dreamin'!
I will look at tomorrow, It is 10:12 London time. My view is these things are weird. I am in the March strike 40's calls for a very good price as a result of this secondary. I like ITM calls and I try to buy out a little bit. I have not looked at the ones you are looking at, but I can say two things the put/call ratio dropped hugely yesterday and today and the pricing action was very positive today. The MLP space is not quite ready to pop but give it to Jan. 1, then we see a new level of the EPD and the others.
Thanks for the heads up. Sometimes brokers are very helpful with these things and it is the market make that matters. I have only gotten away with a few anomolimies, but most of the time the bookie wins! So, if you tried something that looks weird and in your favor, buy 1 contract. You can also check the pricing on the CBOE web site!