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To: CNC who wrote (7821)	3/16/2000 6:05:00 PM
From: Jim Willie CB	Read Replies (1) of 35685

on option deltas upon common share appreciation wicked deepinmoney calls will rise about even, pt for pt with common share move deep inmoney calls will rise about 3/4-7/8 pt per share point rise somewhat inmoney calls will rise about 1/2-5/8 pt per share pt atmoney calls will rise about 3/8 pt per share point rise somewhat outmoney calls will rise about 1/4 pt per share pt deepoutmoney calls will rise about 1/8 pt per share pt wicked deepoutmoney calls go comatose, and dont move at all (not until they upgrade to just deepoutmoney calls) / Jim

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