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Technology Stocks : Apple Inc.

AAPL 285.86

-0.1%

1:35 PM EST

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To: Marc Newman who wrote (9117)	3/5/1998 2:26:00 AM
From: Eric Yang	Read Replies (1) of 213173

>>Eric, your first dip into options was a success, no? Can you give us a little blow by blow for those of us without options accounts. Price paid, spread at the time, the price of AAPL at the time, how quickly your order executed?<< Marc, I bought some AAQDE April 25 on Monday at $1 then another order at $3/4. Both orders got executed within 20 minutes or so. Since the April 25 are near the money it moves about $1/2 for every $1 change in AAPL. On Tuesday morning it dropped to $5/8.. I got a third order in but didn't get filled. When AAPL recovered yesterday it was back at $1. Placed an order to sell them at 1 3/4 around 10:41am PST and it got executed around 12:15. The spread was usually about 1/8 but sometimes as high as 3/16 I think. The $1 batch earned 75% and the $3/4 ones earned 133%. AAQDE will probably open $1/2 lower if AAPL opens at 23 1/2. Eric

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