Irrational options oexo + strike price < current share price, page-23

I'm glad someone else is picking this up. I've done remarkeby well picking up options on the cheap at .015, but given I don't know a thing about oilers, and I've been burnt on spec options on the wrong end (i.e. not stopping out) it's prevented me from buying more. I can't see why people would be waiting for the flow rates. When OEX hit 20c yesterday the options IMO should have crossed 5c and then moved to 8c. I think a 3c premium is more than justified given the 2015 expiry. Is it because 25% of the Market Cap of OEX is in the options and they're a lot of sellers de-risking given they were issued 0c options??