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Non-Tech : Amati investors

AMTX 1.510

-7.4%

Dec 5 9:30 AM EST

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To: NYBellBoy who wrote (28903)	11/19/1997 2:05:00 PM
From: Richard D	Read Replies (2) of 31386

[17.5 vs. 20 calls] Bellboy, I thought about the 17.5's. They are less risk, because they have a near 100% chance of being in the money. I believe the main downside for them is you lose the spread (now 3/8) and commissions if there is no higher bid before expiration. I bought the April 20's because for less than $4000, I could get 200 contracts. The only reason I bought the April's vs. the Jan.'s was because at the time there was a pricing anomaly where the April's were listed a 1/16 cheaper than the Jan's <G> due to a large sale in the prior few minutes. The options further out in time may be valuable if a higher bid comes in the form of a stock offer, since the options would then convert to the buyers shares (I believe).(because of this Olivier M, I would not sell your April 20's for an 1/8 now IMHO). Regards, Richard

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