Spyglass Message Board - Msg: 12492799

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Technology Stocks : Spyglass

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To: JH who wrote (1331)	1/6/2000 9:44:00 PM
From: Shtirlitz	of 1412

<<For your options to expire worthless, the underlying stock would have to close at below $40 at expiration. >> Yep. Thats what I meant. I still think it will be the case. Don't get me wrong, I'm not planning on selling the stock itself. (I held it too long, through a lot of volatility). If I'm wrong, I'll buy my calls back before the expiration. Thats why the deep-in the money call - the premiums are smaller. Last time when we spiked at 30+ I sold Dec 25 calls. We ended at around 23. <<Oh, they're rallying. Currently, the stock is at $48-1/2, with the Jan-55-calls offered at $3-1/2 !>> Unfortunately not.

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