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To: Walter High who wrote (176)	5/5/1997 1:32:00 PM
From: Scott Finchler	of 750

Walter, >> If you are very bullish on the stock, buy back your calls. I'm not sure I want to do that, but if I did, how does that work? Do I just buy the same number of June 20 calls so if the ones I sold are called, I can get right back in the game? If so, I'd just lose the difference from what I sold and bought the calls for, right? That'd cost me about $1,000. What about commissions to exercise the option on the calls I bought. I'm just trying to figure out how much it'd really cost me. I haven't been called yet. June is still too far away. -Scott

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