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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Marq Spencer who wrote (183)9/11/1997 7:36:00 PM
From: Melissa McAuliffe   of 206
 
Brian,
My commissions are also 40. And I only bought 4 contracts. Since this was a gamble as far as I was concerned didn't want to buy more..but I thought numerous times about buying 10. So though my profits (hopefully they will be there) will be smaller, I view this as a learning experience since this is the first time I speculated like this on an uncertain outcome. However, I think that if I could develop a higher degree of comfort it surely makes more sense to do 10 on options that are so low priced. Maybe you can pick some up tomorrow depending on how the stock performs. I noticed that when the stock was at 38 1/4 the options were 3/4.
Melissa
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