WARNING ABOUT THE NEW JAN 2011 LEAP CALLS

For some reason the specialist are trying to rip off investors.

the spread between the bid and ask of the Ibm jan 2011 leap calls is almost 3 bucks.

that is a ripoff

the spread should be no more than a dollar

I have looked at the prices and just followed my own experience

the vibah option for ibm was bidding 380 and asking 660

I placed my buy order at 440

thats 60 cents above the ask

if it executes

I can make money
If it does not

then they dont make a sale

as I will never pay more than 80 cents above the bid price to buy an option

its a waste of time and money