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Technology Stocks : All About Sun Microsystems
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To: amoezzi who wrote (10783)8/7/1998 2:24:00 PM
From: High-Tech East  Read Replies (2) of 64865
 
Abdol Ali Moezzi, greetings. Thank you for your advice.

If I did as you suggest, does that mean that I pay $2,500.00 for the right to purchase 1,000 shares prior to the call date in January at $60, and that, if we assume that the market price is $70 in January, that I would gain 1000 X $10 = $10,000 minus the 2,500.00 I paid for the calls. So I would be betting $2,500 against the possibility that I could clear $7,500 ..... if SUNW rises $20 plus or minus between now and then.

Thanks. Ken Wilson
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