BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: Taby who wrote (6976)	9/1/1998 9:09:00 PM
From: Harry Sharp	Read Replies (1) of 6980

Taby, The Bay options will trade based on the value of .6 of a share of Nortel. So with NT at $51 the underlying value of the stock you have options on is today valued at $30.60. NT has to reach $58.375 for your options to have an intrinsic value of $35. Sorry Beachbum, you'll have to re-post, and yes it would be fitting (and symmetrical) for you to close out this thread, but you might be a little premature to close it now.

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