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Technology Stocks : Apple Inc.

AAPL 259.06

-0.5%

Jan 8 3:59 PM EST

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To: Augustus Gloop who wrote (15684)	7/16/1998 12:06:00 PM
From: Linda Kaplan	Read Replies (1) of 213181

What did you do with your options? I am so angry, I'm going to call the AMEX. They didn't open the options when the stock opened near 38 and traded up to 38-3/8. These July 35's opened later, at 2-1/2 with a big trade, by the time the stock had started down. They kept trading lower and lower, sometimes with negative premium till stock bottomed at around 36. I had tried to sell at 3 and followed it down, but not that low. I was so angry! Then I sold at 2 one of the times the stock went over 37. I felt gypped by the options not opening when the stock was higher, nearer to the open. No complaints about the nice profit, of course, but I felt there was more than a point that got taken away from me. Are you still holding them? I have my Jan 30 and Jan 2000 35's, but I'm out of the July 35's. Thank you for the idea. This is one reason it's better to hold stock than options. You can really lose out when they delay opening the options this way. Linda

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