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Strategies & Market Trends : Options

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To: Jill who wrote (531)1/3/2000 2:24:00 PM
From: uel_Dave  Read Replies (2) of 8096
 
Thanks Jill for your quick response; I think I will buy the GMST options outside my RRSP /401K first, since I am a newbie. I am still contemplating the different opportunities for Gemstar today on the August calls:

GSTHR ( Aug. $80 ) : bid $10.50 and ask $11.25 ; vol = 2
GSTHL ( Aug. $60 ) : bid $18.75 and ask $19.50 ; vol =12
GSTHO ( Aug. $75 ) : bid $12.00 and ask $12.75 ; vol 10

Thanks for the tip on T2, I will contact him later.

I am indeed a newbie and have not placed an option order before ( my account is setup for options ) and probably will purchase just a few at a time and then roll them over in the future or exercise them and buy the common. I am thinking of the $75s, however the 60s might be good to have some calls ITM.

Any comments ? My broker charges me $28 base plus $2.80 per contract.

Thanks,

David
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