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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (46966)	6/27/1998 5:47:00 PM
From: JJMURTS	Read Replies (1) of 58727

hello there i hope someone can help me. i am thinking of buying some calls on GMGC august 10 calls at 3 1/2 the current price stock price is 12 1/2 . there new service starts on july 30 so i think between now and then there will be some news out to drive the stock price back up to the 15-17 range . if i have this right i am only a dollor out of break even price ? is this right ? also does it cost more to buy one contract or five contracts .i trade with waterhouse. thanks in advance john murtagh.

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