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Technology Stocks : INTERNET MANIA! Day Trading Net Stocks

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To: wiley murray who wrote (78)11/29/1998 12:54:00 AM
From: SkyDart   of 1054
 
RE: NET OPTIONS : INSTEAD IFLY OR AMEN WARRANTS

Try the warrants instead. Net calls and puts have outrageous implied volatility driving their prices up and making them extremely risky.

Worse, if the stock levels off, the options out of the money go to zero. A loss of the whole investment.

But a few net stocks like AMEN and IFLY have warrants. IFLYW, AMENW. IFLYW are like calls but they do not expire until 2003 !!
Also, the strike price is 6 1/4. IFLY has recently broken out strongly on 10x normal volume, and the warrants will appreciate like calls without much of the risk of calls.

AMEN stock was up 100% Friday, but the AMENW were up 430%

IMO, warrants are a way to get the benefits of calls without paying the exorbitant implied volatility premiums....
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