Bernie Schaeffer's - Option program Message Board

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Non-Tech : Bernie Schaeffer's - Option program

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To: William H Huebl who wrote (77)	6/2/1997 10:08:00 PM
From: JACK MARCEAU	of 203

Bill or anyone.......help me out with this one....i'm a novice. Berni's Hotline tonight said to buy a call on XYZ Sep 20 at 3 7/8, yet the stock closed today at 21 5/8. Also advised to get out on Tue July 15 for 100%. How can you buy a call for 20 when it's at 21 5/8? Then the second pick is XYZ#2 aug 25 max entry 2 7/8. I looked in CBOE quotes and there is no Aug 25. It goes from aug 23.375 to aug 50 !?!? Can someone help me out here? I used XYZ, cuz I'm not sure if I should be giving actual company symbols. Am I correct in that assumption??

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