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Politics : Idea Of The Day

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To: Electric who wrote (12612)	10/24/1997 11:09:00 AM
From: Mark	Read Replies (1) of 50167

Electric, re: IBM calls: Interesting about the undervalue of the IBM calls considering today's movement - looks like it was a precursor. Now, with IBM dancing at 100 again it will probably reverse and they'll look expensive (inelasticity in the premiums) but will come down if the stock stays depressed for a few sessions. What are the valuations you looked at yesterday telling you today? Thanks & best regards, Mark

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