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Technology Stocks : PairGain Technologies

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To: Spaw who wrote (25319)	8/4/1998 10:07:00 AM
From: Greg Thornton	Read Replies (1) of 36349

Spaw, The difference you guys are arguing about is absolute gain vs percentage gain. If you buy options at $3, they have to move $3 in order to double. If you buy options at $1, they only have to move $1 in order to double. Should be obvious -- I think that this is the difference between your two view on in the money and out of the money options. But, I could be wrong... Greg GOOOOOO PAIR!!

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