<t>Geist,I like to play devil's advocate.Let's say the the customer comes back,19 bid for 100,00 contacts. What do you do?I have no idea what I would do? but since you made an offer, I would like to know what you think?on the one hand it seems like you locked in 9 bucks, but on the other hand, who w...

<t>Maybe this is a trading instinct rather than a quantitative question.The question is what do I charge, so I take it to mean they are a buyer.The spread can expire at most at ten, but they might want to buy it for ten, if there is a dividend of some kind (cash, stock, two tiered deal).I'd offer at...